Withholding Tax

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)

Tax deducted at source from a payment by the payer and passed to HMRC, applying to certain overseas income payments.

Related glossary terms

Deposit from Abroad

Mortgage deposits funded from overseas sources, typically requiring clear source-of-funds evidence, bank statements, and sometimes proof the funds have been transferred into a UK account.

Tenants in Common

Co-owners who hold the property together but can own different shares in it, with separately inheritable shares.

Foreign National Mortgages in the UK

A foreign national mortgage is a UK mortgage for a borrower who is not a British national, whether the borrower is currently resident in the UK on a visa or settled status, or living outside the UK and buying UK property from abroad. Lenders typically treat these cases as specialist because nationality, country of residence,

Visa Mortgage

A mortgage assessed for applicants whose right to remain in the UK is based on a visa rather than indefinite leave or settled status.