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Old 17.01.2021, 16:15
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Re: House flat mortgage UK brexit

HSBC premier have always said they want a minimum deposit (in the US, malta, jersey) but the reality is they don't care as long as there is enough money going through the account and they are making various fees. I've never maintained much of balance in any of them.
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  #22  
Old 17.01.2021, 16:23
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Re: House flat mortgage UK brexit

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I doubt a Swiss Bank would entertain the loan, unless it was secured against other 'Swiss' assets', to the extent that you would not actually need a loan.

He may have to ask a UK bank then
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Old 17.01.2021, 16:26
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Re: House flat mortgage UK brexit

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He may have to ask a UK bank then
even less likely.
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  #24  
Old 17.01.2021, 17:09
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Re: House flat mortgage UK brexit

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Advance customer I suspect? They only offer Premier accounts in Jersey now.
HSBC Expat said they wanted 100k salary or equivalent with no need of any savings.
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Old 17.01.2021, 17:15
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Re: House flat mortgage UK brexit

There are a couple of specialist BTL lenders who will do ex pat mortgages in the UK. One is The Mortgage Lender (TML). I use a specialist BTL broker to get the finance for our UK properties.

Lots of hoops to jump through, though. And you need 25% deposit usually.

Property is usually taxed in the country it is situated, so you will pay UK tax (and CGT) on any profits.

Do your sums carefully. Private persons acting as landlords have been f@cked by the taxman recently, so it ain't as lucrative as it once was. Going Ltd was a better option, except they are in the process of ruining that as well.

Kind regards


Ian
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  #26  
Old 18.01.2021, 07:32
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Re: House flat mortgage UK brexit

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I would have thought the deposit %aswell as a job his work would be sufficient
Hardly, most will have a policy of demanding that you have twice the amount of what you wish to borrow on your accounts.
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