Getting a mortgage on a house to live in, while on a visa with just a 5% deposit

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The ace up your sleeve

Many people come to the UK, begin working, contributing to it, but when they try to buy their own home to live in after a couple of years of hard work, they are then told by mortgage lenders and other mortgage brokers that they need to wait a few more years before they can get the mortgage they want

Does this sound like what has happened you?

Don't despair - you can buy your new home with as little as a 5% deposit - whether provided by yourself, gifted by someone else, or provided from the builder, as an incentive.

Then why other people told me it is not possible?

Simply put - because they don't know any better.

At Woodason Financial Services, we work closely with specialist mortgage lenders, including smaller Building Societies, who are happy to lend to clients such as yourself.

Do you have any examples?

Certainly! While we can't name names, we recently helped a client who had been in the country for a little over 2 years and had recently renewed her visa secure a £345,000 mortgage on a £365,000 home - that is just over a 5% deposit.

We have also helped clients with only a few months left on their visa, or even clients who have yet to arrive in the UK obtain mortgages with just a 10% deposit.

So, how do I get started?

All you need to do is click the button below that says Get Started to arrange a quick 30 minute Zoom call, where we will go through your individual circumstances and advise you on the way forward.

Just as a reminder, at Woodason Financial Services, we charge no broker fees. Just another way we try to do things better.

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Think carefully before securing other debts against your home. Your mortgage is secured on your home, which you could lose if you do not keep up your mortgage repayments.

We may charge a fee for mortgage advice in exceptional circumstances. The amount we charge will be confirmed before any charge is incurred. Please refer to the Terms of Business or contact us for further information.

woodason.co.uk is a trading name of Thanet Mortgages Limited which is authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it. Think carefully before securing other debts against your home. Not all forms of bridging finance, secured loans, buy to let and commercial mortgages are regulated by the Financial Conduct Authority.

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