Do I need a Credit File to buy in the UK? | Expat Mortgages TV | UK Expat mortgages

Do I need a Credit File to buy in the UK? | Expat Mortgages TV | UK Expat mortgages

hi Simon Murphy here finder at my
mortgage speed up code at UK and I'm here to help you buy refinance or
release equity from UK property wherever you live worldwide and in this episode
we're gonna answer another interesting question but you need a UK credit file
in order to get a UK mortgage while living overseas and that's whether you
are a UK passport holder or even a foreign national wanting to invest in
the UK so do you need a credit file we're gonna answer that question a
couple of seconds so thanks for tuning in the question we're gonna answer is do
you need a UK credit file in order to buy a property with the UK mortgage
while living overseas whether you're a UK passport holder or a foreign national
and the quick answer is no you don't necessarily need a credit file in order
to purchase in the UK with a mortgage but I'm gonna temper that know with that
a possible you might need a credit file and why might that be well it's big into
a little bit further you might need a credit file if you have lived in the UK
in the last five years why well lenders can run checks on your previous
addresses in the last five years and they can of course then see any credit
issues that you may have had at any UK address so if you've lived in the UK in
the last five years and you've had credit directed to a UK address then
it's probably best that you try and get your credit file and have a look at it
and we can also assess it and help to see whether there's any issue in getting
you mortgage what if you've lived outside
the UK for five years or more or you have never lived in the UK do you need a
credit file there well that's a really good question in fact we have an example
of an Australian resident who had never lived in the UK at all but they did have
a UK passport they're a UK passport holder they did not need a credit file
in order to purchase back in the UK the same two for Hong Kong residents who
have never lived in the UK but they want to buy and to live or buy to invest back
in the UK they don't need a credit file in order to be able to apply and to
obtain a mortgage for them and so of course we can help and assist and advise
on those particular videos if you need a credit file or not so hope that's been
useful thanks for tuning in to us this episode please as usual subscribe or
like if you'd like further updates and of course it's always good to get your
comments or questions because that can help the community as well just before I
go some people have asked where whites are Mike and I'm actually an expat
myself although we've got a UK regulated operation but I live most of the year in
Spain so I'm here at home in Spain post pandemic well hopefully phase 2 nearly
phase 3 so we'll be going out in a byte and hopefully do some more videos for
you when I'm fighting the bite as well so thanks for tuning in to my more
distinct core at UK see you on the next episode you

Mike

As found on YouTube

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