The Cambridge can now consider Mortgage Applications from Foreign Nationals on either a Skilled Worker Visa (Tier 2), a Global Talent Visa (Tier 1) or a Health and Care Worker Visa.
Your customers must:
- have been a resident in England or Wales for the last two years
- have a deposit from their own sources (not gifted)
The maximum LTV is 80% for applications where all mortgage customers hold a Visa. If the application is in joint names, where one customer holds permanent rights to reside in the UK (or pre settled/settled status), the maximum LTV increases to 95%, with only a 5% deposit required.
Our policy allows:
- a rate from our standard product range to be chosen
- no minimum time remaining on the Visa – although where it is less than six months the Underwriter will need to understand the future position
- Buy to Let applications where your customer owns a UK residential property
- applicants from all countries, provided they are not on the Government Sanction List
For more information please click here https://www.cambridgeforintermediaries.co.uk/ scroll down and watch the video.