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!
Question about line of credit for non-citizens
Collapse
X
-
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.
- 1 like
Latest Activity
Collapse
-
by loanarrangerI am detailing an article which has appeared in a leading Trade publication and written by Bob Young C.E.O of Fleet Mortgages which sets out his thoughts and the information gleaned from the recent Capital Economics Report on the Housing Sector. Well worth reading over a cup of coffee
"...-
Channel: Finance & Investment Questions
10-04-2021, 11:23 AM -
-
Reply to Positive News for Landlordsby loanarrangerYou make a fair point and one which I cannot but agree with but as with what I try to do on the Forum I simply report the news and media comment from lenders and other related parties.
-
Channel: Finance & Investment Questions
10-04-2021, 15:30 PM -
-
Reply to Positive News for Landlordsby roywSounds like spin to me. There's a stamp duty holiday but the price increase in my area far exceeds the tax saving. Not sure how that benefits Joe Public. Funny how they are completely blind to the problem of evicting non paying tenants, added costs with eicr and EPC and potential removal of S21. I haven't...
-
Channel: Finance & Investment Questions
10-04-2021, 13:11 PM -
-
Reply to Mortgage Newsby loanarrangerHalifax improves the transparency for Non UK Nationals
Halifax overhauls mortgage criteria for all non-UK national applicants
by: Owain Thomas
Halifax is overhauling its mortgage application criteria for all non-UK nationals following Brexit.
Many lenders have been...-
Channel: Finance & Investment Questions
10-04-2021, 11:28 AM -
-
by loanarrangerThe following article has appeared in one of the Mortgage Trade journals reporting on views expressed by the Association of Mortgage Intermediaries an influential trade body within the mortgage industry.
"Mortgage rates are likely to rise in the first quarter of 2016 as lenders look...-
Channel: Finance & Investment Questions
23-12-2015, 19:43 PM -
-
by Muggy0101Hello there. I’m just looking for some advice really. For the longest time I’ve always wanted to do what my father and my family do which is be a landlord for a second income. However I’m quite muddled as to what I need to achieve before I can.
I’m 20 year old working full time...-
Channel: Finance & Investment Questions
07-04-2021, 23:52 PM -
-
Reply to Advice on first purchaseby loanarrangerGordon thanks for clarifying what I tried to communicate.
The normal minimum age of an applicant is 21 and sometimes 25 but there are several lenders including Clydesdale who will accept persons having attained 18 years of age-
Channel: Finance & Investment Questions
10-04-2021, 09:40 AM -
-
Reply to Advice on first purchaseby Gordon999Muggy0101,
I think what loanarranger means by "Involvement of your father" is to buy the first rental property in joint names with your father; and you can register the buyers as "tenants in common" to take a larger interest in the property.
...-
Channel: Finance & Investment Questions
10-04-2021, 06:23 AM -
-
by nukecadNo confusion on my part, I'm just pointing out that rewording your proposal using simpler language may get you further.
I'm not the one having a problem with getting accountants/solicitors to understand a proposed scheme.
But if I was then I'd try rewording it.-
Channel: Finance & Investment Questions
10-04-2021, 02:19 AM -
-
by anilvekHi all
Basically, before I start, I have spoken to accountants and solicitors who think I am frankly absurd and my proposal is something that is unheard of following which I have decided to not to go with this route, given changing landscape of BTL I wanted to ascertain how absurd my fellow...-
Channel: Finance & Investment Questions
08-04-2021, 12:22 PM -
Comment