MORTGAGES
Can foreigners buy property in the UK?
Whether you are in your home country or in the UK, buying a house is the largest purchase you’re likely to make during your lifetime.As an EU (or non-EU) citizen, getting a home loan can be a challenge, but the good news is that with the right advice and assistance it is achievable. At STARTIN we can help you throughout the whole process, from start to finish
What is a mortgage?
A mortgage is a loan taken out with a bank or another type of financial institution to buy property or land. Most home loans must be paid back over 25 years, but it is usually possible to negotiate the length of repayment period, making it shorter, or longer, depending on your circumstances. Your mortgage is ‘secured’ against the value of your home until such time as it is paid off.
It is important to know that should be unable to keep up your repayments, the lender is within their rights to repossess (take back) your home and sell it in order to get their money back.