Case Studies

First Time Buyer Mortgage London: £595K for International Professionals with Complex Employment

Product Type: Residential Mortgage for First-Time Buyers
Location: London
Loan amount: £595K
Term/LTGDV: 30 Year Term

The Scenario - Supporting International Professionals to Purchase in London

Our clients, a couple of Mexican professionals, were first-time buyers looking to purchase their first property in London. Having recently relocated to the UK for career opportunities, they were excited to transition from renting to homeownership.

The Challenge – Navigating New Employment and Limited UK Residency

The clients faced several barriers that made securing a mortgage through traditional lenders difficult. Firstly, one client had just accepted a new employed position with a higher salary, meaning they could not provide three months of wage slips—a standard requirement for most high street lenders. Secondly, having lived in the UK for less than three years, the clients did not have the typical three-year UK address history that many lenders require. Additionally, both clients were skilled workers on visas without permanent rights to reside in the UK, which can be a concern for some lenders when assessing mortgage applications.

Our Solution - Finding a Flexible Lender for Complex Circumstances

With access to over 300 specialist lenders across the market, NM Finance identified a lender willing to take a pragmatic approach to the clients' circumstances. This lender was happy to accept the client's future-dated employment contract rather than requiring historical wage slips, recognising the improved affordability this new role would provide. Furthermore, the lender was comfortable with the clients' shorter UK address history and their skilled worker visa status, understanding that international professionals can be excellent mortgage candidates. By working with this flexible lender, we successfully secured the £595,000 mortgage required for the clients to purchase their first home in London, enabling them to achieve homeownership despite the complexity of their situation.