Non-Resident Mortgage

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A mortgage for a borrower who is living outside the UK at the time of the application, overlapping with expat categories.

Related glossary terms

Indefinite Leave to Remain (ILR)

A UK immigration status giving a non-British national the right to live, work, and study in the UK without time restriction, widening lender appetite.

Broker Fee

A charge paid directly by borrowers to mortgage brokers for arranging mortgages, separate from lender payments, with charging models varying across the market.

Leasehold

Owning a property for a fixed term under a lease rather than owning the land outright forever, with associated obligations.

Deposit

The portion of purchase price contributed by buyers from their own funds rather than borrowing, typically paid through conveyancers.