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At Strive, we specialise in helping foreign nationals living and working in the UK secure the right mortgage – even with pre-settled status. Whether you’re a first-time buyer or looking to move home, we have the expertise, lender contacts, and in-depth knowledge of the market to give you the best possible chance of success with your application.
We understand the unique challenges that come with pre-settled status and are here to guide you every step of the way.
We’d love to hear from you – get started online or call us on 0330 043 1121 today to speak with one of our expert advisers.
What is pre-settled status?
Pre-settled status is a type of immigration status granted to non-UK citizens who are living in the United Kingdom but have not yet acquired settled status.
It is part of the EU Settlement Scheme introduced by the UK government to protect the rights of European Union (EU), European Economic Area (EEA), and Swiss citizens residing in the UK after the Brexit transition period.
Pre-settled status allows individuals, including EU nationals, EEA citizens, and Swiss citizens, to continue living and working in the UK for a limited period of time. It is usually granted to those who have been living in the UK for less than five years.
Once an individual obtains pre-settled status, they can remain in the UK and enjoy many of the same rights as those with settled status, including access to healthcare, education, and public funds.
After holding pre-settled status for five years, individuals are eligible to apply for settled status, which grants them indefinite leave to remain in the UK.
It is important to note that the deadline to apply for the EU Settlement Scheme has passed, and it is no longer possible to apply if you were residing in the UK before December 31, 2020, unless you have a reasonable excuse for missing the deadline.
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Can I get a mortgage with pre-settled status?
Yes, there are many mortgage lenders who will consider a pre-settled status mortgage. However, there are a few considerations and requirements to keep in mind.
This guide will explain all you need to know about securing a mortgage with pre-settled status, whether you’re a first-time buyer, home mover, or buy-to-let investor.
How long do I need to have lived in the UK to get a mortgage?
The duration of UK residence required to qualify as a mortgage applicant can vary. Some mortgage lenders apply strict residency rules, while others are more flexible.
While certain lenders may not have a specific minimum for UK address history, others may require at least 6 to 12 months of proven residence. Lender’s policies often vary depending on income level, credit data, and deposit amount.
Most lenders will assess your financial stability based on your employment contracts, pay slips, tax returns, and bank statements.
Whether you’re a foreign national or have a complex immigration status, the key is demonstrating a reliable annual income and solid credit history.
Deposit requirements
Deposit expectations differ depending on the lender’s criteria, but many lenders may accept as little as a 5% deposit for a pre-settled status mortgage. However, other mortgage lenders might require a larger deposit of 15% to 25%, especially if you’re considered a higher-risk applicant.
If you’re applying jointly with another mortgage applicant who has settled status, this could positively affect your options. Your household income, credit profile, and available savings all play a role in how much deposit you’ll need.
Some lenders view indefinite leave to remain or British citizenship as a stronger basis for approval, but pre-settled applicants are still considered by many.
Pre-settled status mortgage rates
The interest rates and mortgage products offered to UK citizens are generally available to those with pre-settled status as well.
That said, fewer lenders cater to this group, so working with a specialist mortgage broker can help you find the right lender. While mortgage repayments and terms remain the same, fewer options may mean you pay slightly more for the same type of loan.
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How much can I borrow on a mortgage with pre-settled status?
It depends on your personal circumstances, but most lenders will offer between 4.5 and 5 times your annual income. In some cases — especially for first-time buyers or higher earners with strong credit — it may be possible to borrow up to 5.5 or even 6 times income. The exact amount depends on factors like your income stability, credit history, existing debts, and whether you’re applying alone or jointly.
How to get a mortgage with pre-settled status
Here’s how to get a mortgage with pre-settled status:
Find a Specialist Mortgage Broker
Work with a mortgage broker experienced in pre-settled status mortgage applications. A specialist will know which mortgage lenders apply more flexible rules for foreign nationals.
Gather Required Documents
You’ll need standard required documentation such as ID (like a passport or national identity card), proof of address (e.g. utility bills, bank statements), savings account statements, proof of income (e.g. pay slips, employment contracts, or tax returns), and residency status evidence such as a share code, residence permit, or visa.
Research Mortgage Options
Your broker will help you compare interest rates, repayment terms, and lender policies that suit your needs as a pre-settled borrower.
Get a Decision in Principle (DIP)
This initial assessment from a mortgage provider shows how much you might be able to borrow. It helps when approaching estate agents or placing offers.
Find a Property and Apply
Once you’ve found a property, submit a full mortgage application with all required documentation.
What documents are required to get a mortgage with pre-settled status?
To get a status mortgage, you’ll usually need:
- Identification (ID): A valid passport or national identity card
- Proof of Address: Recent UK address documents such as utility bills or bank statements
- Deposit: Savings account statements showing how much deposit you can offer
- Proof of Income: Your pay slips, tax returns, or employment contracts
- Residency Status Evidence: A share code, residence permit, or visa as proof of your pre-settled status
Depending on the lender, you may also be asked for car finance records, debt disclosures, or other documentation confirming your credit history and financial stability.
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Buy to Let mortgages with pre-settled status
Many mortgage lenders will consider buy-to-let mortgage applications from individuals with pre-settled status, but you’ll need to meet additional criteria:
- Deposit: Typically, how much deposit needed is higher, often a minimum of 25%
- Minimum Income: Most lenders require a minimum income level to ensure you can cover mortgage repayments
- Property Ownership: Some lenders may require you to have owned a property before, though not always
Strive, Specialist Mortgage Advisors for Non UK Nationals
At Strive, we’re proud to support foreign nationals across the UK in achieving their homeownership goals. If you have pre-settled status, you don’t have to face the mortgage process alone. With our experience, lender relationships, and personalised advice, we’ll help you navigate the challenges and give your application the best possible chance of approval.
We’d love to hear from you – get started online or call us on 0330 043 1121 today to speak with one of our expert advisers.
Frequently Asked Questions (FAQs)
Yes, pre-settled applicants can often get a mortgage, even with limited UK address history, depending on the lender’s criteria. While many mortgage lenders prefer at least 1 to 2 years of address history and UK residency, other lenders may be more flexible if you can provide evidence of strong financial stability, such as regular pay slips, savings account statements, and a consistent annual income. A mortgage broker experienced with pre-settled status mortgage applications can help match you with the right lender for your situation.
Not necessarily, the lenders and products are the same as to those offered to UK nationals, although it’s simply a case of finding lenders who are understanding of your circumstances.
Yes, you can get a mortgage in the UK with pre-settled status and a 5% deposit, though your options may be more limited compared to applicants with settled status or indefinite leave to remain. Several lenders are open to working with EU, EEA, or Swiss nationals holding pre-settled status, especially if you meet other standard criteria like stable income, good credit history, and sufficient UK residency.
To apply for a mortgage with pre-settled status, you’ll typically need the same required documentation as UK citizens, including a national identity card or passport, bank statements, utility bills, tax returns, employment contracts, and a share code or residence permit as residency status evidence. Lenders may also review your credit history, credit data, and any existing car finance or debt problems. Working with a specialist mortgage broker helps ensure your application meets mortgage providers’ expectations and improves your chances of receiving a mortgage offer.
Some mortgage lenders apply stricter deposit requirements for foreign nationals, including EU nationals, Swiss citizens, and those with pre-settled status under the EU Settlement Scheme. While most lenders may accept as little as 5%, certain lenders may ask for a higher deposit, especially if your credit history, immigration status, or household income presents additional risk. A larger deposit often leads to better interest rates and more flexible repayment terms. A specialist mortgage broker can help you understand how much deposit is required and find the right lender based on your individual profile.
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