Chris Blewitt, head of intermediary distribution at Darlington Building Society, explores the opportunities available for clients who earn overseas but want to buy or refinance in the...

Accord will now accept Universal Credit as a source of income when assessing affordability.

Mortgage submissions involving foreign income can be accepted, whether the applicant is an expat or a UK resident earning in a foreign currency.

Applicants working in the UK on a skilled worker or health & care visa may now qualify for residential mortgages up to 90% LTV. 

The lenders have increased maximum LTVs and extended the list of acceptable visas.

The lender has also expanded the list of acceptable visa types.

The updated offering enables global investors to participate more easily in the UK property market.

The Society has also introduced several enhancements across its foreign national and expat mortgage range.

The latest changes see rates cut by up to 0.10%.

Nationwide is also removing the requirement for these applicants to provide at least 25% of the total deposit from their own resources.