
Brokers expect rise in foreign national mortgage enquiries, Gen H survey finds
Nearly half of brokers surveyed by Gen H expect foreign national mortgage enquiries to increase over the next 12 months.

Nearly half of brokers surveyed by Gen H expect foreign national mortgage enquiries to increase over the next 12 months.

Most of the valuable local markets for foreign-owned homes were inside the capital, with 14 of the top 20 local authority areas based in London.Â

Dudley Building Society has expanded its skilled worker visa lending proposition nationwide, supported by a refreshed mortgage range for borrowers working in the UK on a Skilled Worker Visa.

Hanley Economic Building Society has added two new mortgage products for foreign nationals living and working in the UK, available up to 80% LTV.

Nottingham Building Society has reduced the income threshold for its 5.5x income multiple and expanded international credit access for foreign nationals.

Singapore ranked second, with its nationals owning 15,635 properties, or 8.2% of foreign-owned homes.

The survey found there were 40 sales of luxury properties priced over £15m.

The current economic environment signals an optimistic picture for GCC buyers looking to purchase a UK home.

Nottingham Building Society announces rate reductions and new 85% LTV tier rates for foreign nationals and returning ex-pats.

Hinckley & Rugby Building Society's new mortgage range designed to support skilled foreign workers in the UK, offering up to 95% LTV with no minimum income or residency requirements.

The product addresses a growing demand from mortgage brokers who said existing products are too restrictive when supporting skilled workers from abroad.

The lender has also removed its minimum income requirement specific to foreign nationals (though standard minimum income requirements still apply).
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