Select Your Cookie Preferences

We use cookies and similar tools that are necessary to enable you to use our website, to enhance your experience, and provide our services, as detailed in our Cookie Notice. We also use these cookies to understand how customers use our services (for example, by measuring site visits) so we can make improvements.

If you agree, we'll also use cookies to complement your website experience, as described in our Cookie Notice. This may include using third party cookies for the purpose of displaying and measuring interest-based ads. Click "Customise Cookies" to decline these cookies, make more detailed choices, or learn more.

Benefits of using an expat mortgage broker

If you’re an expat looking to purchase or remortgage a property in the UK, you may be wondering whether to use an expat mortgage broker to secure your expat mortgage, or go directly to the lenders. 

To receive a wider range of expat mortgage options, a specialist mortgage broker will have access to all of the latest deals and offers. While they may add additional fees to the process, they could provide you with a far greater chance of not only securing a mortgage, but also securing a mortgage at a more reasonable rate. 

Here are some of the benefits of using an expat mortgage expert to help you decide whether to contact an expert or a lender. 

Expat mortgage brokers offer more and better financing options 

Many expat mortgage brokers know which lenders are likely to lend on the UK property you'd like to purchase. They understand the expat mortgage market and work with specialist expat mortgage lenders on a regular basis, meaning they can match you to the right lender based on your needs. 

The best expat mortgage brokers will offer options that could include interest-only mortgages, financing for the self-employed, buy to let, unusually constructed properties and unusual mortgage terms. Additionally, they will be able to discuss bridging finance and commercial lending. 

If you fall into a ‘higher risk category’, an expat mortgage broker will connect you with a specialist lender who won’t be put off by your circumstances – so if you have complex income, poor credit history, or are in between jobs, you can be more confident your mortgage won’t be refused and you'll be accepted for a mortgage on any UK residential property. 

Expat mortgage experts should also be able to accommodate unusual financing structures – such as UK mortgage applications based on foreign income, or purchasing through a family trust. 

They can offer valuable expert advice for UK expats 

A broker can help you to understand how overseas mortgages and repayments on your mortgage work, the tax requirements and the exchange rate. They can also offer professional advice on how to get a mortgage and the financial planning needed to be accepted on an expatriate mortgage. 

If you're buying in the UK they can also help you to address and avoid the many issues that being a ‘non-resident’ buyer can cause.  

A specialist expat mortgage broker is quicker and more efficient 

Looking for UK expat mortgages is tiring and it can take time to find one that is suitable for your needs or position. 

Receiving mortgage advice and mortgage services from an expat mortgage specialist can help you to complete quicker, and with much less ‘back and forth’ with expat lenders. This is especially important if you need to move quickly and time is of the essence. 

Brokers can also save you from filling out tonnes of complex paperwork that you’d be required to complete if you go it alone, ensuring you don’t get confronted with unexpected obstacles. Please be aware that an expat mortgage is likely to take longer to complete than an equivalent UK-based purchase. 

You can save money by using an expat mortgages expert 

An expat mortgage expert can help you find a lower interest rate, lower set up fees and avoid many of the extra costs that you could incur when searching for an expat mortgage. 

Brokers also know the best UK expat mortgage rates going on the market at any point and will do the shopping around for you. 

Fidelius Mortgages - securing mortgages for expats  

If you're a British expat looking to buy property in the UK, Fideluis deVere can help you. 

We work with specialist lenders who offer the best mortgage deals to former UK residents and British expats. We take away the strain and worry that can come with buying, or raising finance, from a property in the UK. 

Whether you’re an expat looking to get a residential or buy-to-let mortgage or need some advice on your next steps, our experts are happy to be at your service.   

We are an experienced, yet forward thinking financial services company, committed to providing the very best advice through our top-quality team. We'll always be open and honest, working closely with you to understand your needs, and be there to guide you through some of your most important decisions. And because we're independent, we can source the best options for you, from across the whole market. 

For more mortgage advice, please get in touch. We'd love to hear from you. 

Your home may be repossessed if you do not keep up repayments on your mortgage. 

Posted on June 14th 2022

Loading... Updating page...