Expat Mortgage - India
India hosts British expats in technology (Bangalore, Hyderabad), financial services (Mumbai), manufacturing, and international trade.
Independent introduction serviceAccess to specialist lendersNo obligation
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What happens next
- Fill in the form (2 minutes).
- We'll match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your options.
UK mortgages from India
INR (Indian Rupee) income attracts a moderate haircut from UK lenders - the rupee has been gradually depreciating against sterling over the long term, which lenders factor into their assessment. For UK nationals earning in USD or GBP from Indian operations of international companies, the income assessment is more favourable.
The options available
Expat BTL from India
India is generally on specialist expat lender acceptance lists. INR income attracts a 15-20% haircut. Buy-to-let is the primary accessible product. Rental coverage assessed.
INR vs USD Income in India
UK nationals employed by Indian operations of international companies often earn in USD or GBP - treated much more favourably (5-15% haircut vs 15-20% for INR). Tata Consultancy Services UK, Infosys UK projects, Wipro UK assignments - USD/GBP salary earners have better mortgage access.
Technology Sector Employees
Bangalore, Hyderabad, and Pune tech corridor employers - HSBC India technology centres, Barclays technology India, JP Morgan India, Google India - are recognised by specialist UK expat lenders.
Mumbai Financial Services
Mumbai-based financial services professionals - HSBC India, Standard Chartered India, Deutsche Bank India, and others - are considered by specialist lenders with Indian market experience.
Non-Resident Indian (NRI) Consideration
Non-Resident Indians (NRIs) seeking UK property as an investment from India face a similar process to other non-resident applicants. NRI status in India and the associated NRE/NRO accounts may be relevant to source-of-funds documentation.
Specialist Lender Access
Your specialist broker identifies specialist lenders currently accepting India-based applicants and with the most favourable INR income assessment. Lender positions change - the specialist broker verifies at the time of application.
How We Help
Income currency and employer
INR or USD/GBP income confirmed. Employer type (Indian entity vs international employer) significantly affects the lender shortlist.
Lender identification
Specialist lenders accepting India and the relevant income currency identified.
Documentation
Payslips in INR or USD, bank statements (HDFC, ICICI, SBI, HSBC India, Citibank India), employer letter in English, passport, Indian address proof.
Completion
Remote management. IST (UTC+5:30) timezone managed electronically.
Speak to our international mortgage specialists
Call 0204 6211776 · Introductions to specialist expat brokers · All expat locations
For current pricing, lender appetite and how income is assessed, see our guide to expat mortgage rates for India residents.
Frequently asked questions
Can I get a UK mortgage while living in India?
Yes - specialist UK expat lenders accept India-based applicants. INR income attracts a higher haircut (15-20%) than USD income, which reduces the effective loan amount. UK nationals earning in USD or GBP from international employers based in India have a more favourable assessment.
What is the lender shortlist for India-based applicants?
The lender shortlist for India-based applicants is smaller than for Gulf or Asian financial centre applicants. HSBC Expat, Molo Finance, and some specialist channel lenders are the primary routes. Lender positions for India change regularly - the specialist we introduce you to confirms current acceptance before any application.
Are NRE accounts accepted as income evidence?
NRE (Non-Resident External) accounts in India are foreign currency accounts held in India by NRIs. Some specialist lenders accept NRE account statements as supplementary income evidence alongside the primary payslip documentation. The brokers we work with advise on the specific evidence package for your lender.
What Indian bank statements are accepted by UK lenders?
HDFC Bank, ICICI Bank, SBI (State Bank of India), Axis Bank, Kotak Mahindra, HSBC India, Citibank India, and Standard Chartered India - all are accepted by specialist UK expat lenders. Statements should be in English or accompanied by certified translation.
Does working for a major UK company in India (like BP, HSBC, or Barclays) help my mortgage application?
Yes - working for a UK-headquartered company's Indian operations is viewed favourably by specialist UK expat lenders. Employer recognition reduces underwriting queries. If your salary is paid in USD or GBP by the UK parent company, this is even more advantageous as it eliminates the INR haircut.