Are you a non UK resident struggling to get a mortgage?
Whether you’re a foreign national living in the UK and trying to get onto the property ladder, or a British ex-pat living abroad but looking to invest in a UK property, you may be hoping to take out a mortgage to finance your new property. If you are a UK non resident you may find it difficult to obtain a mortgage from one of the major high street lenders, but here at BZX Investments we can help.
The benefits of home ownership
Renting a house has the benefit of being able to move quickly without getting stuck in a chain, as well as not having to worry about paying for plumbing repairs and redecoration as your landlord usually covers the cost of property maintenance. However, there comes a point where rental feels like dead money, and getting onto the property ladder is the sensible thing to do. Owning your own home has a number of benefits, including:
- Monthly mortgage repayments are often cheaper than monthly rental prices.
- You can make any improvements you like when you own the property.
- Paying off your mortgage before retirement means you can live there rent-free.
- Each month your equity will increase; owning a property is the best way of saving up.
Mortgages the BZX way
Here at BZX Investments we specialise in non resident mortgage application. If you’ve been turned down by other lenders due to your non UK residency status, we may be able to help. If you have a valid UK work permit, or already own a UK property but are working or residing abroad currently, get in touch to find out more about our mortgages for non residents.