Ancestry Visa Mortgage

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Ancestry Visa Mortgages – Secure Your Home in the UK

If you’re in the UK on an Ancestry Visa, you may be wondering whether you can get a mortgage. The answer is a resounding yes! In fact, being on an Ancestry Visa often puts you in a stronger position compared to other visa holders.


Can You Get a Mortgage on an Ancestry Visa?

Yes! Many UK lenders are happy to offer mortgages to Ancestry Visa holders. The key factors they consider include:

  • Time Spent in the UK – Some lenders prefer applicants who have been in the UK for at least 12 months, but others accept applications sooner.

  • Deposit Requirements – A 10% deposit is the standard, but if you have a strong financial profile, some lenders may accept as little as 5%.

  • Employment & Income – Stable employment with a good income is crucial. Full-time, permanent jobs are preferred, but self-employed applicants can also qualify.

  • Credit History – A UK credit history is beneficial, but if you’re new to the UK, some lenders will assess affordability in other ways.

  • Visa Length – Since the Ancestry Visa is granted for five years, lenders see this as a positive, making mortgage approval easier compared to shorter visas.


Mortgage Options for Ancestry Visa Holders

Ancestry Visa holders have access to a wide range of mortgage products, just like UK citizens:

  • Fixed-Rate Mortgages – Ideal for those wanting predictable payments over a set period.

  • Variable-Rate Mortgages – Payments fluctuate depending on market interest rates.

  • Specialist Lenders – If you’re struggling with standard requirements, some lenders cater specifically to expats and visa holders.


Real-Life Case Study: How We Helped an Ancestry Visa Holder Buy a Home

Liam moved to the UK from South Africa on an Ancestry Visa. He had a 10% deposit saved and had been working full-time for six months. Despite concerns over his short UK credit history, we found a lender who considered his stable employment and strong income. Within 7 weeks, he secured a 5-year fixed-rate mortgage and moved into his new home!


What If You’re Self-Employed?

Getting a mortgage while self-employed is possible but requires additional documentation:

  • At least 12 months’ worth of trading history (some lenders require two years).

  • Tax returns and business accounts to prove income.

  • A larger deposit (typically 15% or more) can help secure better deals.


How to Improve Your Chances of Mortgage Approval

  1. Build Your UK Credit History – Register on the electoral roll, use a UK bank account, and pay bills on time.

  2. Save a Larger Deposit – More deposit means better mortgage options and lower interest rates.

  3. Secure Stable Employment – A full-time, permanent role strengthens your application.

  4. Work with a Mortgage Broker – We know which lenders are best suited for Ancestry Visa holders.


Get Expert Help for Your Ancestry Visa Mortgage

At Mondo Mortgages, we specialise in helping Ancestry Visa holders secure the best mortgage deals. Whether you’re a first-time buyer or looking to move, we can match you with lenders who understand your situation.

💬 Want to explore your options?.

📅 Book a free initial consultation today – Click here to schedule a chat.

Understand Your Credit File

When getting ready to apply for a mortgage, you must understand your credit history. We recommend Check My File, who offer a 30-day free trial (usually £14.99 per month, you can cancel at any time)

The Check My File Report provides a summary from three credit reference agencies (Experian, Equifax & TransUnion).

Mortgage lenders use different credit reference agencies, and you can see what the lender sees before making any applications.

 

 

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