EU Citizen Mortgage After Brexit

EU Citizen Mortgage After Brexit

Buying a home in the UK as an EU citizen can feel a bit confusing since Brexit, but our team at JB Mortgages is here to make things simple and straightforward. We want to help you understand your options so you can move forward with confidence.

To help you get started, James Bull will give you an insight into how lenders view settled and pre-settled status. He will also cover what to expect if you arrived after Brexit, how we handle income earned in other countries, and the easy way to share your documents with lenders.

Has Brexit changed whether EU citizens can get a mortgage in the UK?

Brexit has not stopped EU citizens from getting a mortgage in the UK. However, the process and eligibility criteria can differ depending on your residency status, immigration status, income and individual circumstances.

Lenders will assess each application on its own merits, so being an EU citizen does not automatically prevent you from obtaining a UK mortgage.

Do you need settled status or pre-settled status to qualify for a UK mortgage as an EU citizen?

We work with lenders that accept both settled status and pre-settled status. We may be able to help you get a mortgage whichever one you have. This is not a problem at all.

Are EU citizens who arrived after Brexit treated differently by lenders than those with settled status?

The main thing on a mortgage is that you just need permission to live in the UK. Whether you have settled status or pre-settled status, that is the core requirement.

If you arrived at a certain point after Brexit, you will have had to apply for a visa. Depending on what your specific permission is, we will give advice on the mortgage on that basis.

Can EU citizens still use income earned in an EU country to apply for a UK mortgage?

The answer varies depending on your overall circumstances. If you are resident in the UK and your income is earned abroad, that is typically fine.

If your income is in a different currency, that may restrict the options available to you.

At JB Mortgages we take the details of your overall circumstances and provide personalised advice if you are in that situation.

What extra documents do EU citizens need to provide compared to before Brexit?

The main difference is that you will typically need to provide evidence of your right to live in the UK. This can be demonstrated through your settled status, pre-settled status or visa.

The process is straightforward. You can obtain a share code through the GOV.UK website, which you can then provide to us. We can pass this information on to the lender as part of your mortgage application.

Summary

EU citizens can still get a mortgage in the UK after Brexit, and our team is here to help you through the whole process. Whether you have settled status, pre-settled status, or a visa, we work with lenders who will be able to accept your application.

We know that things like foreign income or proving your right to live in the UK might feel difficult. Our advisers will look at your overall circumstances and guide you every step of the way, from getting a government share code to finding the right lender for your needs.

Key Points

• EU citizens can still get a mortgage in the UK just like they could before Brexit.
• Lenders accept both settled status and pre-settled status, so having either one is not a problem.
• You just need to show you have permission to live in the UK, which could be through your status or a visa.
• Income earned abroad or in a different currency might affect your choices, and our team can give you advice for your specific situation.
• You can easily prove your right to live in the UK by getting a share code from the government website for us to pass on to your lender.

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