How Much Can You Borrow as a UK Expat?
Most UK lenders apply a 20 to 25 percent haircut to your foreign-currency income before calculating affordability. A specialist broker can access lenders that take your full gross income, which materially increases what you can borrow on the same salary. Use this calculator to see the difference for your situation.
Think carefully before securing your debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Who this page is for
This calculator gives a working estimate using a 4.5x income multiplier, which is the conservative base most expat lenders use. Specialist lenders may stretch to 5x or 5.5x for stronger profiles, so the figures here are a starting point, not a guaranteed offer.
Exchange rates are approximate and refreshed periodically. A broker will use live rates for an actual application.
Worst case — 25% haircut
Some lenders apply a 25 percent haircut, especially on volatile currencies.
Typical — 20% haircut
Most mainstream expat lenders apply a 20 percent haircut.
Specialist lenders — no haircut
A small group of specialist lenders take your gross income at the prevailing rate.
Figures are illustrative. Actual lending decisions depend on lender criteria, your circumstances, and the property.
See if a no-haircut lender is right for you
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