Mortgage Types
Interest-only: low monthly payment, principal repaid at the end of the term — popular for buy-to-let. Repayment: higher monthly payment, principal fully cleared at term-end — better for owner-occupiers. Tracker rate: tied to BoE base rate, variable. Fixed rate: 2-5 years fixed, then renewed.
Which Banks Accept Foreign Buyers?
HSBC International, Barclays International, Santander International and boutique private banks (Hampden & Co, Investec and others) lend to foreign investors. Each bank sets its own minimum income, deposit and property-value thresholds.
Documents Required
Apostilled passport, last 3 months' income evidence (apostilled + translated), last 6 months' bank statements, proof of residence, tax position statement and existing credit summary. If buying via an SPV, company documents are also required.
Interest Rates and Arrangement Fees
As of 2026, foreign-buyer mortgage rates typically sit at 5.5-6.5% (5-year fixed, 75% LTV). The arrangement fee (bank set-up fee) is 1-2% and can be added to the loan. Broker commission is paid by the bank as standard — no extra cost to you.
Frequently Asked Questions
+ Can I get a UK mortgage with TRY income?
Yes. Banks ask for the GBP equivalent of at least £60,000/year. Salary plus rental income plus dividends all count.
+ How long is pre-approval valid?
Generally 3 months. If you haven't picked a project in that window, renewal is required (it's usually painless).