Hi everyone! I am a non-citizen of the UK and I own a house in London (no mortgage). I live in the house and have a work visa. Does anyone know of any lenders who will give me a line of credit against the equity in my house? I want to use this money to place deposits on future house purchases. Many thanks!
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You might want to speak with Handelsbanken at a branch close to where you reside , they have a conservative approach to lending but may be prepared to grant a drawdown facility against a low loan to value, alternatively if your own bank is international they too might be worth talking with.
remember there are always Private Lenders in the market but deware andbefore signingcount your fingers. -
Thank you so much. This is very helpful to me. I will make enquiries of international banks as you suggest. Do you know of any places where I should begin my search for Private Lenders? Thanks!Comment
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Private Lenders ( Not Authorised Banks ) make their borrowing facilities available through specialist Intermediary channels , I would strongly discourage you from the avenue of funding.
I will do some research into any possible alternative sources and revert shortly.Comment
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You should visit your local branch of Halifax bank or Nationwide BS and ask if you qualify for residential mortgage loanComment
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