Mortgage On A Spouse Visa

We explain how mortgages work if you are in the UK on a spouse visa, and what to consider.

What are the requirements for getting a mortgage on a spouse visa in the UK?

For any mortgage, you will need to meet the lender’s specific eligibility requirements. If you’re on a spouse visa you will usually be married to a British person or someone with settled status in the UK. It is usually helpful if they join you on the mortgage – but it’s not essential. 

Typical requirements are for you to have lived in the UK for at least two years, for there to be least 12 months left on your visa and for you to have a clean credit record. 

How does the visa length affect your ability to be approved for a mortgage?

The length of your spouse visa can impact your ability to secure a mortgage. Some lenders require a minimum of 2-3 years remaining on the visa at the time of application, although others will accept a minimum of 12 months. 

Are there any specific lenders that cater to international buyers on spouse visas?

Yes, some lenders specialise in providing mortgages for international buyers on spouse visas. These lenders understand the unique circumstances involved and are more familiar with the visa requirements. 

Working with a mortgage broker like McAteer will connect you with these lenders as needed. Generally we will explore the suitable options tailored to your specific situation.

Can a non-working spouse on a spouse visa apply for a mortgage in the UK?

It depends on the specifics of the situation. If you are applying for a joint mortgage, the lender will assess your combined income. If this is enough to meet the affordability requirements, you should be approved for the mortgage.

Any income you can prove, from investments to rental income, can potentially be used in the affordability calculations. 

How important is the credit history of the spouse visa holder when applying for a mortgage?

Lenders assess the creditworthiness of both applicants by looking at their credit scores, repayment history and any outstanding debts. 

A strong credit history makes it easier to be approved for a mortgage and could secure you a better interest rate.

What is the minimum deposit required for a mortgage on a spouse visa?

The deposit can be as little as 5% or as high as 25%. It depends on your circumstances, including whether your partner is a British national, and if not, how long they have been in the UK.  A mortgage advisor who’s experienced in visas will be able to help you find the find a suitable option.

Is it possible to apply jointly with a British citizen when one partner is on a spouse visa?

Yes, and generally the fact that your partner is a British citizen will be a helpful factor, reducing the potential risk in the lender’s eyes. By applying for a joint mortgage, both your incomes will be considered, which usually means you can borrow more than on a single application.

How long does the mortgage application process take for someone on a spouse visa?

If you have all the required documents to hand and everything is in order, it shouldn’t take any longer than a standard mortgage application. Generally it takes a few weeks to process a mortgage.

Speak to a broker early on in the process, as we will be able to identify anything that might potentially slow things down.

What happens if the spouse visa holder’s status changes during the mortgage term?

If your status changes during the mortgage term, you will probably need to inform the lender. Depending on the circumstances, they may need to reassess the mortgage terms and conditions. 

Talk to your broker for advice as soon as you’re aware that your status is going to change. 

Are there any additional fees or costs involved in getting a mortgage on a spouse visa?

There are general fees involved in getting a mortgage – product fees, valuation fees, legal fees and more. But generally there won’t be an additional charge due to your visa status. 

The only time this might be relevant is if the mortgage process highlights something around your visa status that may need to be addressed. There are often fees to update or renew a visa. 

How can Mortgages by McAteer help?

We have helped many people on a spouse visa to buy a property, and we are familiar with the challenges and opportunities in this area. We have good knowledge of the lenders that are likely to accept an application from someone on a visa, and we will explore relevant options to get you a suitable mortgage offer. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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