Hi

Does anyone happen to know any mortgage lenders who dont need a 20% deposit before they will lend temporary visa holders money? If anyone knows any who will accept up to 10% please let me know.

Thanks

quote:

Originally posted by jandm:
Hi

Does anyone happen to know any mortgage lenders who dont need a 20% deposit before they will lend temporary visa holders money? If anyone knows any who will accept up to 10% please let me know.

Thanks

G'day

It is illegal to lend more than 80% of a property's value to a temporary resident. If you have propertry or other assets in the UK thare are some specialised lenders who may consider a loan secured by overseas assets.

Your only other option is probably a loan shark or a launderer of drug money. If you use these sources, I hear the penalty conditions can be somewhat onerous.