Improvements to our residential foreign national policy
26/06/2026
On Friday 26 June, we made improvements to our residential foreign national policy. This change helps support a broader range of clients - including first time buyers and new build customers, where higher LTV options can make all the difference in taking that first step onto the ladder.
What’s changed?
We can now consider lending up to 90% LTV to eligible foreign national applicants without permanent right to reside in the UK.
For foreign nationals without permanent right to reside in the UK that want to borrow more than 75% LTV, the following policy applies.
| Time living in UK | Min. gross annual income | Max. LTV |
|---|---|---|
| 1 year or more | £50,000 (single) or £75,000 (joint) | 90% |
| Less than 1 year | £200,000 (single or joint) | 90% |
For all foreign national applications above 75% LTV, that don’t have permanent right to reside in the UK, we’ll need:
- 3 full months’ bank statements showing salary credits into their own UK bank account, household expenditure and any overdraft facility or limit
- evidence of the deposit in a UK account*.
Our underwriters will check bureau data to confirm how long your client has been living in the UK.
*If your client decides to move money to support their application, we won’t be able to cover any potential loss of interest if the application doesn’t go ahead. If the deposit is a gift, the UK account statement doesn’t need to be in your client’s name.
What’s not changing?
Standard lending policy still applies to:
- clients with permanent right to reside in the UK – these customers could get up to 98% LTV, using My First Mortgage
- clients who want to borrow less than or equal to 75% LTV
- foreign nationals with diplomatic immunity – we’re unable to accept this type of application
- Buy to Let applications from foreign nationals.