Mortgage in the UK: how to get a home loan?
The UK mortgage market offers many programs for residents and foreign nationals. However, the application process can be complicated.
Banks usually require a down payment of 5-40% of the property value. Creditworthiness is assessed by income, credit history and debt load.
For foreigners, obtaining a mortgage is possible, but the process may take longer. Financial institutions prefer borrowers with a good credit history.
Interest rates vary and choosing a fixed or floating rate depends on economic forecasts. It is advisable to consult a mortgage broker to avoid unexpected costs.
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