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Old 06.05.2011, 00:10
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Buying a house in the UK

I'm thinking of buying a house in the UK. Does anyone what options would be available with regards to finance? For example, does anyone know of any Swiss banks that would offer a mortgage/house loan if the property is in the UK? I was thinking along the lines of asking the Swiss wings of UK banks (i.e. Barclays). Alternatively does anyone have any experience with UK based banks offering mortgages/loans to people working in Switzerland (and on a swiss contract?).
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Old 06.05.2011, 00:13
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Re: Buying a house in the UK

This has been discussed on EF quite a lot - try a search.

But in short: no, Swiss banks will not fund private mortgages in the UK.

When we bought our house in the UK we had to use a broker to find a UK bank (Bank of Scotland) to set up a mortgage due to our overseas status.
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Old 06.05.2011, 00:17
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Re: Buying a house in the UK

H Carlos, so the broker was in the UK or Switzerland? Would you be able to message me with some contact details?
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Old 06.05.2011, 01:39
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Re: Buying a house in the UK

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H Carlos, so the broker was in the UK or Switzerland? Would you be able to message me with some contact details?
Uk based brokers can set this up. Carlos should be able to sort you out but if you still need a contact drop me a pm and I will give you the one we use.
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Old 06.05.2011, 08:47
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Re: Buying a house in the UK

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This has been discussed on EF quite a lot - try a search.

But in short: no, Swiss banks will not fund private mortgages in the UK.

When we bought our house in the UK we had to use a broker to find a UK bank (Bank of Scotland) to set up a mortgage due to our overseas status.

Having just bought a house in the UK, and having a 40% deposit , getting a mortgage was really difficult because of not living in the UK. Only my bank would offer anything.
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Old 06.05.2011, 08:55
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Re: Buying a house in the UK

If you do find a deal, you'll be paying through the nose. UK mortgage rates are really bad right now, especially if you are non-resident as you will be forced to take a Buy-to-Let, probably around the 6% mark.
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Old 06.05.2011, 09:21
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Re: Buying a house in the UK

Most of the offshore bank branches based in the Channel Islands offer mortgages for UK property with a Swiss salary.
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