Nottingham Building Society are offering a new mortgage to help people from overseas get on the housing ladder
The new mortgage deal requires no minimum duration of UK residency, as well as no minimum time remaining on a visa
The average two-year fixed mortgage rate is 5.93 per cent, according to Moneyfacts, while a five-year is 5.5 per cent. “What I hadn’t expected was that the day you arrive in the UK, you start from scratch from a credit perspective. None of your history or experience elsewhere is taken into account. I’ve worked in financial services all my career, but this surprised me.”
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