Expat mortgages are mortgages that are available to individuals who are living and working outside of their home country. These types of mortgages are often used by expats who wish to purchase property in their home country or in the country where they are currently living.

Expat mortgages are available in many countries, including the UK, US, Australia, and other popular expat destinations. These mortgages may have different terms and requirements compared to standard mortgages, as they are designed to accommodate the unique needs and circumstances of expats.

Some of the key features of expat mortgages may include:

• Larger deposit requirements: Expat mortgages may require a larger deposit or down payment compared to standard mortgages, as lenders may perceive expats as being higher risk due to their living and working abroad.
• Higher interest rates: Expat mortgages may come with higher interest rates compared to standard mortgages, as lenders may charge higher rates to offset the increased risk of lending to individuals who are living abroad.
• Limited product options: Some lenders may have limited product options for expats, as they may be more selective in the types of mortgages they offer to individuals who are living abroad.
• Additional documentation requirements: Expat mortgages may require additional documentation compared to standard mortgages, such as proof of income, employment, and residency status.

Overall, expat mortgages can be a valuable tool for individuals who are living and working abroad and wish to purchase property in their home country or in the country where they are currently living. It’s important for expats to do their research and compare different mortgage options and lenders to find the best mortgage rates and terms that suit their needs.