Helping skilled workers achieve homeownership in the UK
In 2024 alone, over 200,000 Skilled Worker Visas ¹ were issued, and many of these went to healthcare professionals like doctors and nurses. As these professionals look to settle in the UK, more are seeking to buy homes here.
Getting a mortgage as a Skilled Worker or Global Talent Visa holder can be tough. Many lenders require larger deposits or set strict income limits.
At Perenna, we are proud to offer a tailored solution for these clients. Our lending of up to 95% LTV and 6x income (LTI), subject to criteria offers a flexible and accessible option for Skilled Workers who want to purchase a home and start building their future in the UK.
Why Perenna’s skilled worker mortgage could be right for your clients
We know your clients do not need more hurdles when buying a home. That is why our mortgage options make homeownership easier for Skilled Workers. Here is what makes our offering stand out:
- 95% Loan-to-Value (LTV): This means your clients can get on the property ladder with a smaller deposit.
- Up to 6x Loan-to-Income (LTI) subject to criteria: Lending is based on income, making it easier for Skilled Workers to borrow what they need.
Eligibility criteria
Here is a simple breakdown of the requirements .
- £50,000 minimum annual income for the Skilled Worker Visa holder.
- At least 18 months of UK residency, with at least 12 months remaining on the visa at the time of application.
- Joint applications accepted: If applying with a spouse, the Skilled Worker must meet the £50,000 minimum income requirement, and the spouse’s income can be added to the affordability assessment.
Our policy helps Skilled Workers buy their first home with a low deposit, so they can borrow what they need more easily.
Flexible repayment options
With our long-term fixed-rate mortgages, you can offer your clients the peace of mind that their payments will stay the same.
We also offer a 5-year Early Repayment Charge (ERC) that reduces each year, so if circumstances change, your clients have flexibility. After five years, they can redeem the loan without penalties.
Let’s talk!
Do you have clients who are Skilled Workers or Global Talent Visa holders? We would love to help. Perenna’s solutions are flexible, stable, and affordable, making it easier for them to take their next step in homeownership.
We would love to hear from you! Feel free to reach out to our friendly team to discuss any cases or questions you may have. Contact us today!
Or why not try out our affordability calculator to see whether Perenna is a perfect match for your clients.
Written by Perenna’s Intermediary Support Manager, Graham Laverty.
Correct at time of publishing.
