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Mortgage Underground is an independent mortgage education and customer connection platform. We are not authorised or regulated by the Financial Conduct Authority to provide regulated mortgage advice. Where appropriate, we introduce customers to FCA-authorised mortgage advisers or firms.

Frequently Asked Questions

Find answers to the most common mortgage questions. If you can't find what you're looking for, our mortgage experts are here to help.

Yes, some UK mortgage lenders may accept a gifted deposit from a friend, but many prefer gifts from close family members. If a lender accepts a gift from a friend, they will usually require evidence that the money is a genuine gift and does not need to be repaid. The donor may also need to provide proof of identity, proof of the source of the funds, and sign a gifted deposit declaration confirming they will have no legal interest in the property. As lender criteria vary, it's important to seek advice before applying.

Yes, it is possible to buy a home in the UK while on a visa. Many mortgage lenders consider applications from people on eligible visas, although the options available will depend on factors such as your visa type, length of time remaining on your visa, income, employment status, credit history and the size of your deposit. Some lenders may require a larger deposit or have additional lending criteria for applicants who are not UK citizens or permanent residents. Speaking with a qualified mortgage adviser can help you understand which lenders may be suitable for your circumstances.

Yes. Some lenders specialise in applicants with adverse credit, although interest rates and eligibility may vary.

Yes, it may be possible to borrow more money against a property that already has a mortgage, depending on your circumstances. Homeowners often do this by remortgaging or applying for additional borrowing with their current lender. The amount you may be able to borrow will depend on factors such as your property's value, the remaining mortgage balance, your income, credit history and the lender's affordability checks. People commonly release equity to fund home improvements, consolidate debt or make other major purchases. Mortgage approval is subject to the lender's criteria and affordability assessment.

Yes, many lenders accept a gifted deposit, but it must usually be a genuine gift that does not need to be repaid. Most lenders will ask the person providing the gift to sign a gifted deposit declaration confirming that the money is a gift and that they will have no legal interest in the property. While gifts from close family members are widely accepted, some lenders may also consider gifts from friends, although their criteria can be more restrictive. Always check the lender's requirements or speak with a qualified mortgage adviser before applying.

Yes, many UK mortgage lenders accept house deposits transferred from overseas, provided you can clearly demonstrate where the money came from. You'll usually need to provide evidence of the source of the funds, such as bank statements, savings records, property sale documents or gift documentation if the money was given to you. Your solicitor will also carry out anti-money laundering (AML) and source-of-funds checks before the purchase can proceed. To help avoid delays, transfer your deposit well before completion and keep records of the transfer and any supporting documents.

Yes, you can use savings towards your house deposit, but if the money was originally held as cash, you'll usually need to show where it came from. Mortgage lenders must comply with anti-money laundering (AML) regulations, so they may ask for bank statements, evidence of how the money was accumulated, or other documents confirming the source of the funds. Large cash deposits paid into your bank account shortly before applying for a mortgage may require additional checks. Keeping your deposit in a bank account with a clear transaction history can help make the mortgage application process smoother.

Yes, international buyers may be able to get a home loan in the UK, although eligibility and available mortgage products vary between lenders. Your application will usually be assessed based on factors such as your residency or visa status, income, employment, credit history, the size of your deposit and whether you intend to live in the property or buy it as an investment. Some lenders may require a larger deposit or additional documentation, particularly if your income is earned overseas. Speaking with a qualified mortgage adviser can help you understand the options available for your circumstances.

Yes, many UK mortgage lenders offer mortgages to international residents and foreign nationals, although eligibility depends on your individual circumstances. Lenders may consider factors such as your visa or residency status, income, employment, credit history, the amount of your deposit and how long you've lived in the UK. Some lenders may require a larger deposit or have additional lending criteria for applicants who are not UK citizens or permanent residents. A qualified mortgage adviser can help identify lenders that may be suitable for your situation.

Yes. Many first-time buyers use a gifted deposit from their parents or another close family member. Lenders will usually require proof that the funds are a genuine gift, not a loan, and may ask for identification, bank statements and a signed gifted deposit declaration from the donor. Requirements vary between lenders.

Timescales vary, but many applications take between two and six weeks after all required documents have been submitted. Complex cases may take longer.

Most lenders require at least a 5% deposit, although the amount depends on the mortgage product, your financial circumstances, and lender criteria.

Still have questions?

Need advice about your deposit? Contact us today and we'll connect you with an experienced mortgage adviser who can explain what documents you'll need and help you prepare your mortgage application.

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