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Why Choose Us
At Ascot Mortgages, we understand that individuals paid in a foreign currency face unique challenges when applying for a mortgage in the UK. Securing a mortgage in a currency different from your own can be an attractive option for expats or those earning income in foreign currencies. However, these mortgages also come with additional risks and complexities. Here’s what you need to know.
Lenders who offer mortgages to individuals with foreign currency income will typically assess your application with certain additional considerations in mind:
Foreign currency mortgages are typically available to:
The application process for a foreign currency mortgage is similar to that of a standard mortgage, but with additional considerations:
At Ascot Mortgages, we specialise in helping expats, overseas residents, and UK-based individuals paid in foreign currencies to secure competitive mortgage products. We can assist you by:
Based on a mortgage of £300,000 at 75% LTV and 25 years Today’s best buy mortgages
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See all mortgage best buysSpeak with Us Interest Rate Mortgage Type Monthly Repayment Amount Total Fees Max LTV 3.79% Fixed £1,174 £30 75% 4.09% Fixed £1,198 £0 75% 4.12% Fixed £1,210 £1,499 75% 4.24% Fixed £1,224 £1,025 75%
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No, not all lenders accept foreign currency income. However, some lenders are more flexible than others. Working with a broker can help you find the right lender for your needs.
The most commonly accepted currencies include the US Dollar (USD), Euro (EUR), Australian Dollar (AUD), and Swiss Franc (CHF). However, this varies between lenders.
Yes, if a lender deems the currency exchange rate too volatile, they may reject the application. Lenders will assess the stability of the currency before approving a mortgage.
You will need to provide payslips, tax returns, and bank statements, along with documentation showing the currency conversion rates used to calculate your income in GBP.
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Ascot Mortgages authorised and regulated by the Financial Conduct Authority and can be found on the FCA register (www.fca.org.uk) under reference 776062. The FCA do not regulate some forms of mortgages. The guidance and advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £599 per mortgage account. Ascot Mortgages Ltd give you the option to pay a non-refundable fee of £1299 payable with the application. If this option is taken, Ascot Mortgages Ltd will refund any procuration fee received by the lender.
Ascot Mortgages Limited is registered in England and Wales and have their registered office at 8 Webster Court, Westbrook, Warrington, WA5 8WD. The company’s registration number is 06764971.
We are a credit broker, not a lender. We work with the whole of the lending market. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature any commissions model will be confirmed to you before you proceed.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT
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