Tier 1 Visa Mortgage

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Tier 1 Visa Mortgage! There are only a small handful of mortgage lenders in the UK who will consider an application from a Tier 1 Visa holder. If you are looking to obtain a Mortgage on a new home then you might not know how to go about it the correct way. You may not be familiar with these mortgage lenders and what they can offer you.Tier 1 Visa Mortgage

A Specialist Niche

A Tier 1 Visa Mortgage is a specialist niche and there are a lot of red herrings out there. This means that there are several lenders who claim to accept these types of mortgage application but will always decline. Lending criteria can be sometimes unclear. This is why working with a Mortgage Broker who deals with such applications on a daily basis is essential. We have walked down the application path many times with clients and can guide you through the twists and turns.

Collecting Information

We will first find out more about your situation and shortlist the lenders who are most likely to accept based on lending criteria. After this, we will look at the mortgage deals on offer and discuss with you the various options. Sometimes there is an obvious choice and on other occasions, there are pros and cons.

Lending Criteria

Criteria can widely vary between mortgage lenders so it is a case of paying attention to detail when collecting client information and matching potential mortgage lenders.

Lending criteria differs a lot between lenders. Some Mortgage lenders who can deal in Tier 1 Visa mortgage will want a minimum time in the UK or they may want a minimum time left on the visa. Deposit levels vary between lenders.

Deposit

The majority of Mortgage Lenders who will entertain an application from a visa holder will want 25% deposit. The real skill in helping place a Mortgage is when a client has a lower deposit such as 5% or 10% deposit.

Criteria can widely vary between mortgage lenders so it is a case of paying attention to detail when collecting client information and matching potential mortgage lenders.

Please Call Chris

0115 714 1988

or 

07504 262 317

 

 

Look at the video on our YouTube Channel.

If you are interested in a Tier 2 Visa Mortgage we have a page dedicated to this too. Lenders vary between Visa types.

If you would like to explore Tier 1 Visa Mortgages further then why not hop over to our main website for more information.