Uk resident buying property in sweden

Wednesday 22 August Q I am a German who moved to the UK more than four years ago.

I hold a permanent position at a research institute affiliated with the University of York, so I'm a UK taxpayer. I have been renting a two-bedroom house in York, but a couple of weeks ago I was told it is being sold. This forced me to rethink my options and although I'm considering renting again, I think it might be wiser to buy a house.

Sweden Guide: Mortgages and property tax, What you need to pay: If you buy property in Sweden you will need

However, this proves to be more difficult than expected. Also because he is considering moving to the UK at some point in the future. The problem is that he isn't a UK taxpayer.

I have been in touch with two financial advisers already, but they gave up on the case because they both said no UK bank would accept that half of the money for a mortgage would be paid on a monthly basis from Germany.

On the other hand, because my partner doesn't own any property in Germany it is much more common to rent thereGerman banks refuse to lend him money because the property he wants to buy is not within Germany, and so they don't have any direct access to the property in case he gets into financial difficulties.

How non UK residents should buy or own residential property - Lexology

We feel like we are best renko system forex between two stools and are getting a bit desperate. It would be absolutely fantastic if you could give us some advice on this matter.

Are you, for example, aware uk resident buying property in sweden a bank or building society that lends money to non-UK taxpayers? Or are there any centrally operating European banks that would be comfortable lending money to both of us, despite the fact that we are in different countries?

A The fact that your partner is not a UK taxpayer is not really the problem. The main issue in getting a UK firm to lend to your partner is that UK credit reference agencies won't have any information about his credit history, so a lender here cannot tell if he is a good risk or not.

In addition, as you have already been told, many lenders will worry about money being paid in euros from Germany because of the risks associated with the exchange rate.

However, I have spoken to someone at HSBC who said that as they already have the kind of systems in place necessary for cross-border dealings, they would be willing to look at your case.

HSBC does not guarantee it will grant you a mortgage, but given the size of your deposit and your joint earnings, says it is not an impossibility.

International edition switch to the UK edition switch to the US edition switch to the Australia edition. The Guardian - Back to home. PB A The fact that your partner is not a UK taxpayer is not really the problem.

Topics Property Ask the experts: The Guardian back to top.