Getting a UK Mortgage from Dubai?
Hi Guys,
I need some advice as I have found a nice 4 bed property back home that I want to buy. I am a first time buyer so am just starting to research mortgage options but basically need to know how to get a Mortgage in the UK whilst living and working in Dubai? I will be renting the property out to family once I have purchased it. Can anyone advise. B |
Re: Getting a UK Mortgage from Dubai?
HSBC Offshore on Beach Road will fix you up with a UK mortgage based on your Dubai income. I've mortgaged through them and it was all fairly painless. Other than that I think Meow knows of some options so you could try a PM to her.
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Re: Getting a UK Mortgage from Dubai?
Originally Posted by Border Reiver
(Post 6687222)
HSBC Offshore on Beach Road will fix you up with a UK mortgage based on your Dubai income. I've mortgaged through them and it was all fairly painless. Other than that I think Meow knows of some options so you could try a PM to her.
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Re: Getting a UK Mortgage from Dubai?
Do you know what criteria they base your mortgage limit on - is it like the UK where it is something like 3.5 times your annual salary for a couple? Also - what deposit are they looking at? Cheers! B |
Re: Getting a UK Mortgage from Dubai?
I can certainly help if you'd like to contact me by PM.
(Belated response as I've been away.) - |
Re: Getting a UK Mortgage from Dubai?
Originally Posted by Meow
(Post 6690448)
I can certainly help if you'd like to contact me by PM.
(Belated response as I've been away.) - |
Re: Getting a UK Mortgage from Dubai?
Originally Posted by Autonomy
(Post 6690542)
indeed... *cough* *Belated response* hope you and the old man had fun with the fish... :)
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Re: Getting a UK Mortgage from Dubai?
Originally Posted by Spugsy
(Post 6690603)
:confused::confused::confused::confused:
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Re: Getting a UK Mortgage from Dubai?
Originally Posted by Blue Cat
(Post 6690881)
Meow has just visited the Maldives :)
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Re: Getting a UK Mortgage from Dubai?
me and the hubby were just talking about this the other day, can you get a UK mortgage using your employment here? We have a house, we do not rent it out my sister house sits for us. Our fixed rate still has over a year left on it thank god but i was wondering how we go about a remortgage.... do we really want them in the UK to know how much we were earning over here!!!??
Ta muchy |
Re: Getting a UK Mortgage from Dubai?
Originally Posted by MrsHaps
(Post 6692858)
me and the hubby were just talking about this the other day, can you get a UK mortgage using your employment here? We have a house, we do not rent it out my sister house sits for us. Our fixed rate still has over a year left on it thank god but i was wondering how we go about a remortgage.... do we really want them in the UK to know how much we were earning over here!!!??
Ta muchy I know a very good broker who is UK qualified...PM me if you want the details. N. |
Re: Getting a UK Mortgage from Dubai?
Originally Posted by MrsHaps
(Post 6692858)
me and the hubby were just talking about this the other day, can you get a UK mortgage using your employment here? We have a house, we do not rent it out my sister house sits for us. Our fixed rate still has over a year left on it thank god but i was wondering how we go about a remortgage.... do we really want them in the UK to know how much we were earning over here!!!??
Ta muchy I can assist if you are interested (still UK as well as UAE authorised to provide advice). - |
Re: Getting a UK Mortgage from Dubai?
we've just tried to remortgage our UK property (we rent it out) and its been a LIVING NIGHTMARE!
with the credit problems they are finding any excuse not to lend as many banks physically dont have the money to lend, especially for buy to let. We have a small mortgage (under 80k), equity is 80% of the property and we have 11 years left of a mortgage life and our income is six figures. These are all the companies that 3 years ago when we last looked at new terms were biting our arm off to get our business. Didnt matter one bit - even our existing company we've been with for 7 years wouldnt give us a new deal as they are not issuing any new mortgage terms so we've been sitting on their variable rate ever since May. Got other quotes - 3 intotal would give us a mortgage out of over 90 companies - and after months of very tiring proof of address (we live in company house with everything paid for by the company so we have no utility bills etc...) a load of stupid safety measures they wanted we pulled out. We're better off sitting on our existing companies variable rate until they offer new deals, dont have to pay new arrangment fees and go through all the crap again. |
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