UK non-resident mortgages
A UK non-resident mortgage lets a buyer who fails the HMRC statutory residence test (British or non-British) borrow against UK property. Typically interest-only buy-to-let. Deposit 25 to 40 percent depending on country of residence and lender. Personal-name or Ltd company (SPV). FCA-authorised advice where regulated; commercial BTL scope varies. FCA reference 966902.
Typical scenario
Non-British non-resident buyer, Swiss-domiciled, purchasing a £480,000 Central London one-bed flat as personal-name BTL. Deposit £192,000 (40 percent), loan £288,000. Five-year fixed at 5.99 percent APR (indicative, LTV 60 percent, private-bank tier). Arrangement fee £2,880 (1 percent). Rental cover 145 percent at stressed 8.50 percent. Source-of-funds evidence required for anti-money-laundering.
Rate bands, indicative
| LTV | From (British non-resident) | From (non-British non-resident) | Arrangement fee |
|---|---|---|---|
| 60% | 5.49% APR | 5.99% APR | 1.00% |
| 65% | 5.79% APR | 6.29% APR | 1.00% to 1.50% |
| 70% | 6.09% APR | 6.59% APR | 1.50% |
| 75% | 6.49% APR | Panel varies | 2.00% |
Country and currency restrictions
- Sanctions-listed jurisdictions (per HM Treasury OFSI list) are declined.
- USA-resident applicants restricted to a subset of panel (FATCA reporting overhead).
- Currency of income accepted: GBP, USD, EUR, AED, SGD, HKD, AUD, CHF; others by lender.
- Source-of-funds documentation stricter than resident cases (six months bank statements plus deposit trail).