Generation Home defines UK Residency as an individual who is registered for and pays UK tax. They must have one of the following:
EU settled or pre-settled status
Indefinite Leave to Remain or
UK Spousal Visa
All applicants will be required to show the appropriate documentation and have been living in the UK for at least 3 years.
What if I’ve been living in the UK for less than 3 years or in the UK on a different visa than listed above?
As long as at least one applicant meets the above requirements, we can accept someone who has been living in the UK for at least 2 years and has one of the following:
Health & Care Worker
Senior or Specialist Worker
All applicants will be required to show the appropriate documentation, with at least 2 years remaining on the VISA at the point of the mortgage completion.
If you meet the above we would also require a minimum of 20% deposit and a combined total income of all applicants (owners and income boosters) to be £100,000 or above.
If you have any other questions, please reach out to us via email or live chat.