95% LTV Mortgage for Two Visa Applicants
Case Summary
Two applicants on visas were looking to purchase a £250,000 property with a 5% deposit. Both had lived in the UK for less than three years, worked on fixed-term contracts and had limited UK credit history.
Purchase / Property Value
£250,000
Loan Amount
£237,500
Total Facility Amount
Deposit / Client Contribution
£12,500
Loan to Value (LTV)
95%
Finance Term
Case / Finance Type
Residential Mortgage
Case Circumstances
Joint application. Both applicants were on visas, had lived in the UK for less than three years, were employed on fixed-term contracts and had clean but limited established UK credit history.
Main Challenges
95% Loan-to-Value
Many lenders restrict higher loan-to-value borrowing for applicants living in the UK on visas.
Limited UK Residency
Some lenders require applicants to have lived in the UK for a longer period or to provide a more established UK address history.
Thin Credit Files
The applicants had clean credit but limited positive UK credit history, which could affect automated credit scoring.
Fixed-Term Contracts
Lenders may consider the remaining contract term, employment history and evidence of previous contract renewals.
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Deposit
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Case Summary
Two applicants on visas were looking to purchase a £250,000 property with a 5% deposit. Both had lived in the UK for less than three years, worked on fixed-term contracts and had limited UK credit history.
Loan to Value
95%
Deposit
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Amir Shojaee
Director and Founder of PBSBrokers
CeMAP Qualified Mortgage Adviser
At PBSbrokers, we offer a free initial consultation to review your income, deposit, affordability, credit profile, and mortgage objectives. Whether your case is straightforward or more complex, we'll help you understand the options that may be available and guide you through the next steps.