UK Mortgage Brokers for Non UK Residents

The UK mortgage market is one of the most liquid and competitive in the world, with an abundance of lenders that cater to all borrowers, including non-residents and high-value lending.

What Enness will be able to secure for you regarding rates and terms will depend on your plans for your property, your financial background, net worth and how much you want to borrow.

Hong Kong-based borrowers are often in the market to make high-value property purchases, and Enness will be able to broker highly competitive UK mortgages for you if this is the case. If you want to buy a property valued in the region of £1-2 million, tracker mortgages start at around 2%, and Enness can secure five-year fixed-rate mortgages from about 2.15%.

If you are a British expat living in Hong Kong, an entrepreneur, are self-employed or are retired, securing a competitive UK mortgage as a non-resident can be complex – especially if you are approaching lenders without the help of a broker. Not every lender can cater to such borrower profiles, and those that do may not be able to serve you as a non-resident. Enness regularly works with non-resident borrowers with backgrounds or scenarios that some lenders consider to be non-standard. Enness will be able to connect you with lenders that will be happy to lend to you, and that can meet your requirements. Your broker will also negotiate the best finance package for you and keep the deal moving swiftly towards completion as soon as possible – whatever your background.

Whatever your needs and however much you are looking to borrow, Enness will explain all your options and define what lenders will need to see to offer the best finance package. Get in touch today to have a chat about your requirements and hear from Enness what rates or terms a broker will likely be able to secure for you – there is never any obligation to take things forward at this stage, but you will have a clearer idea of how Enness will be able to help and what rates will be a possibility for you.

The rates and terms that you can secure for a UK mortgage as a Hong Kong resident will be dependent on your financial standing, assets and income. If you are a high-net-worth individual or you are in a strong financial position with a balance sheet to match, our UK property agents will be able to secure very competitive mortgages, even if you want to borrow a significant amount to buy UK property.

However much you want to borrow, Enness will always start by assessing your assets, income (in Hong Kong or worldwide), and overall net worth. A broker will also discuss any requirements regarding terms or lenders (e.g. if you would like to work with a specific type of lender, if you would like to benefit from particular terms such as no early repayment fees, and so on). Enness has access to over 500 lenders. By carefully assessing your financial situation and requirements, your broker will determine which lender will be best able to offer the most competitive UK mortgage that is well suited to your needs and background.

It is worth noting that high-net-worth mortgages can be a preferred choice for Hong Kong-based investors buying UK property. Broadly speaking, high-net-worth mortgages have different rules around affordability, minimum income, and expenditure — a high-net-worth mortgage means you can effectively opt-out of regulated oversight. Lenders will still assess you carefully and ensure the mortgage is suitable in terms of affordability, but if you qualify, you can benefit from more flexibility and lenders looking more broadly at the merits of your financial background to support borrowing more, more flexible terms and so on.

High-net-worth mortgages are not available for everyone, especially for non-resident borrowers. You will be eligible for this type of mortgage if you have a yearly income of at least £300,000 or assets equalling at least £3 million (your principal residence cannot form part of this total net worth).

Enness regularly brokers high-net-worth mortgages for non-resident borrowers. Get in touch to learn more about this type of mortgage, the benefits, and discuss if you would be eligible.

Generally speaking, when it comes to non-resident borrowers buying UK property, mainstream lenders want to see very "plain vanilla" borrowers. While you may have a significant net worth, things like multi-currency income, multiple sources of income, income from a trust, are very wealthy but do not have a "typical" salaried role, borrowing can be more complex as a non-resident.

Enness regularly works with non-resident borrowers who have what lenders perceive to be "complex" income. As a firm, Enness specialises in brokering such deals and securing UK mortgages for Hong Kong-based individuals that may fall into these categories. Working with a broker who can present the strengths of your case to lenders will make all the difference to what rates you are offered.

Before approaching lenders, Enness will assess your assets and financial background and work out how to present your case to lenders. In doing so, your broker will be able to approach the best lenders for your case directly, speeding up the process while simultaneously securing the most competitive UK mortgage for you.

If you live in Hong Kong, your broker can assist you to negotiate a high-value UK mortgage, regardless of whether you:

• Have a unique or unusual income structure
• Own a business or businesses, are an entrepreneur or are self-employed
• Have diverse income streams
• Are a trust beneficiary
• Generate significant income through investments.
• Are retired or are nearing retirement age
• Benefit from large bonuses on top of your base pay
• Plan to sell high-value assets to support your UK property purchase
• Have a high net worth but comparatively low income

If you recognise yourself in one of the above categories or have any other type of non-standard income, get in touch. Enness’ UK mortgage brokers know the complex mortgage market inside out and will be able to assist you in negotiating the best property finance package for your UK property purchase.

Hong Kong is, of course, one of the leading business hubs in Asia, and it is home to many successful start-ups, self-employed individuals and entrepreneurs. If you are self-employed in any capacity (e.g., you run your own business), you may be very successful and have significant income, but securing a UK mortgage as a non-resident can still be tricky.

As a general rule, if you run your own business or are an entrepreneur, most lenders will want to see your last three years of tax returns to determine how much you can borrow and assess your financial stability. However, a tax return may not reflect the actual profitability of your business, given that you may reinvest profits back into the company or have invested heavily into your business and will be repaid in the future.

If you live in Hong Kong and work for yourself in any capacity, how you present your case to lenders is crucial and is not only the difference between getting a competitive rate or not, it can affect your ability to borrow at all. Often, niche and boutique lenders may serve you better than larger lenders who can be more inflexible in their lending criteria and may not be able to consider the broader merits of your case.

Your broker will present your case directly to the lenders that can best serve you as an entrepreneur or self-employed individual and who will be able to consider your background more fully. Enness has significant experience brokering high-value property finance for non-resident business owners and entrepreneurs and will be able to secure the best UK mortgage for you based on your profile and hard work.

Many Hong Kong-based British expats approach the UK mortgage brokers at Enness to help arrange UK mortgages.

Getting a UK mortgage as a British expat based abroad should, in theory, be relatively straightforward, but it rarely is. The process can be time-consuming and complex, especially if you are in the market for a high-value property purchase or you are looking to borrow a significant amount. Many mainstream lenders find it challenging to cater to non-resident borrowers, even if you are a high-net-worth individual. If you already own property in the UK but wish to invest in a buy-to-let property or have other plans, finding the most competitive UK mortgage and a lender that will let you borrow as much as you want can also be challenging.

Enness acts as a trusted UK property agent on the ground in the UK, working for you to source and negotiate the best UK expat mortgage on the market.

Enness UK mortgage brokers works with high-net-worth individuals and families based in Hong Kon to secure the finance and mortgages they need to acquire UK property. Enness specialises in high-value mortgage brokering and supporting non-UK residents to access the most competitive UK mortgage deals.

Here, it is helpful to note that the most competitive mortgage does not necessarily mean the cheapest rate. While your broker will always be aiming to get the lowest mortgage rate, they will consider other factors that will deliver the best finance package for you. For example, the ability to borrow slightly more, have more flexible terms, borrow from specific lenders or benefit from no early repayment costs may be more attractive than a marginally lower rate. Whatever your needs and requirements, Enness will act as your UK property agent to source and negotiate a UK mortgage that will fulfil all your needs all while keeping your headline costs as low as possible.

Enness will always start the process by understanding your goals, needs and requirements. Your broker will explain your options and the lenders that will be best suited to meet your requirements – whatever these are. Enness will approach lenders on your behalf when you give the green light. Sometimes, these will be mainstream lenders in the UK, and other times, they will be private banks, specialist lenders, or niche players.

After presenting your case, Enness UK mortgage brokers will negotiate your UK mortgage with lenders and will source one or more offers for you to compare. Then, your broker will walk you through the options and explain the differences in each so you can make an informed decision about what the best offer is for you. When you are ready to move forward, Enness will notify the lender and submit your mortgage application on your behalf. Your broker will be available at any time until completion to assist you, troubleshoot if needed, and ensure a seamless and stress-free transaction.