£920,000 foreign national 15% deposit mortgage for couple to buy home in London

The situation

Our clients, a Czech and French couple, were purchasing their first home in London for £920,000. Both applicants are EU nationals living in the UK for less than three years, with no indefinite leave to remain. They are both IT professionals on skilled worker visas.

They required an 85% loan-to-value (15% depsoit) mortgage, with part of the deposit coming from France. Complicating matters further, one applicant had just started a new role and had only received a partial first pay slip.

The challenges

Although the clients had strong professional profiles, there were several key hurdles:

• Restrictions for visa holders: Many mainstream lenders cap borrowing at 75% loan-to-value for applicants without permanent residency/indefinite leave to remain.
• New employment and partial payslip: One applicant had recently changed jobs and had not yet received a full payslip, which can limit lender options and slow underwriting.
• Overseas deposit: Part of the deposit was held in France, requiring clear documentation for the source of funds and a reliable transfer route.
• High-value first-time buyer purchase: A £920,000 London purchase at 85% LTV is outside many lenders’ standard appetite for international applicants.

The solution

Following detailed research and lender comparison, we arranged the mortgage with a large bank, one of the few lenders able to support up to 90% loan-to-value for skilled worker visa applicants, subject to criteria.

• We secured an 85% loan-to-value mortgage on the £920,000 purchase.
• The clients opted for a two-year fixed rate at 3.83%.
• The bank's criteria and underwriting approach enabled us to progress the application despite the partial payslip, supported by the wider employment documentation.
• To support the overseas deposit, we introduced a trusted FX broker to manage the transfer from France efficiently and with a clear audit trail.

We also discussed contingency options. For example, if the clients had wanted to keep the funds in France for longer, alternative lenders were available as they would typically only require the funds to be in the UK prior to completion, rather than well in advance of it.

The result

The clients successfully secured a mortgage to purchase their first home in London, despite limited UK residency, no ILR, a deposit partly held overseas, and a recent employment change.

Lending solutions with Trinity Financial

If you’re buying in the UK on a visa, using overseas deposit funds, or require a lower deposit mortgage than most lenders will allow, we can help identify the right lender and structure the application for the best chance of success.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage