What Are the Eligibility Requirements for a Skilled Worker Visa Mortgage?

Lenders’ requirements can vary and change over time, but here’s a general overview:

• If you’ve been in the UK for less than a year, you may need a 25% deposit.
• If you’ve been in the UK for over a year, some lenders may allow you to apply with a 5% deposit.
• After two years in the UK, a 5% deposit is often sufficient across most lenders.

Lenders are making it easier for skilled workers to buy property sooner. For example, some developers may offer deposit contributions, reducing the amount you need to pay upfront.

How Much Can You Borrow on a Skilled Worker Visa?

Your borrowing amount primarily depends on your income. Most lenders offer up to 5.5 times your annual salary, with professionals such as doctors or nurses potentially qualifying for higher loan amounts due to their stable career paths. Consulting with a broker will help you understand what’s achievable.

Are There Age Restrictions for a Mortgage on a Skilled Worker Visa?

Yes, there are general age restrictions. Mortgages are typically expected to end by retirement age (68 for most people), although terms may be extended if you plan to work until age 70 or 75. Your age at the time of application and the intended term will determine your eligibility.

Do You Need a Job Offer from a UK Employer?

You must already be in the UK to apply for a mortgage. Most lenders prefer applicants with a permanent contract, though some may accept temporary roles if there is a strong track record of employment (e.g., three, six, or twelve months in a role). Sustainability of your income is key.

Are Certain Jobs More Eligible for Skilled Worker Mortgages?

While all skilled worker visa holders are eligible, some jobs—such as NHS medical professionals—benefit from more flexible lending criteria. These professions are seen as stable, with regular salary increases.

What Documents Are Required for a Skilled Worker Visa Mortgage?

You’ll need standard documents like:

• Payslips and bank statements.
• Identity documents (passport).
• Right-to-work and immigration status details (specific to skilled workers).
• For self-employed individuals, tax calculations and year-overviews are necessary to validate income sustainability.

Can You Get a Skilled Worker Mortgage with Bad Credit?

Yes, but it can be more challenging. The pool of lenders willing to work with skilled workers is smaller, and adverse credit further narrows the options. A good broker can identify lenders willing to accommodate your circumstances and guide you through the process.

Are There Regulations for Skilled Worker Visa Mortgages?

There are no specific policies exclusive to skilled worker visa mortgages. Approval depends more on the time you’ve been in the UK, the size of your deposit, and the lender’s criteria.

How Long Does the Application Process Take?

Once submitted, mortgage applications typically take 7–14 days for a lender to review documents and complete the property valuation. For pre-approval, brokers can provide answers within 24 hours, giving you confidence before proceeding.

What Costs Are Involved?

There are no additional costs for skilled worker visa applicants beyond standard home-buying expenses, including:

• Solicitor fees.
• Stamp duty (if applicable).
• Optional survey fees for detailed property inspections.

What Are the Risks Associated with a Skilled Worker Mortgage?

There are no unique risks tied to skilled worker visa mortgages. The same risk applies to any property purchase—failing to keep up repayments may lead to repossession.

Tips for Skilled Worker Visa Mortgage Applicants

1. Speak to a Broker Early: Get professional advice as soon as you consider buying.
2. Check Your Credit Report: Ensure there are no inaccuracies. Build your credit by registering on the electoral roll and managing credit responsibly.
3. Save for a Deposit: The bigger the deposit, the better the rates you can access.