Meet Raj

34, Senior Software Engineer

He's got the job. He just hasn't started it yet.

Raj has spent nine years building a career in software development and has recently relocated from India to Manchester for a senior role with a UK Fintech. He starts his new role in six weeks time and he and his spouse have found the home they want.
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A sole purchase for a senior engineer who has just relocated from India, with a signed permanent contract, no UK credit history and six weeks until his first day.

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Application type

Purchase

Property & deposit

£400k, 10% deposit

Income source

Confirmed future employment

Range

Worldwide Welcome

Mortgage for a client new to the UK whose permanent job hasn't started yet.

Raj's case fails three automated checks at once because he's new to the UK and has no UK credit file to score, his job hasn't started yet so there's no payslip, and his deposit arrived from overseas. None of that says anything about whether he can afford the mortgage; it simply reflects the fact that the standard template wasn't built for someone who arrived last month.

Under our Worldwide Welcome range there's no minimum time living in the UK, we can access overseas credit files, and income from a confirmed permanent role can be considered before the first payslip.

So the case comes down to the questions we'd ask of anyone: is the income real, and is it likely to continue?

A breakdown of the case

Raj's situation

Why this can be hard to place

Raj has recently relocated from India to Manchester after accepting a senior role with a UK fintech. He has nine years' experience in software development and has signed a permanent contract at £92,000 a year.

He and his spouse have found a home they want to buy, and Raj is applying as a sole applicant with a 10% deposit.

The difficulty is timing. He's only just arrived, so he has no UK credit history, and his employment doesn't start for another six weeks.

How Nottingham Building Society would consider this case

We would look at four things:

Whether Raj's overseas credit history can be accessed and what it shows
That his right to remain in the UK is secure
Whether the new employment is confirmed and evidenced
The deposit can be traced to a legitimate source.

Element	What we see in this case	How we would treat it
UK Credit history	None. Raj arrived in the UK recently.	Foreign National applications are subject to enhanced credit assessment. We can access overseas credit files. A successful Experian search supports lending at up to 90% LTV; where searches are unsuccessful the maximum is 75% LTV.
Residency	Recently relocated from India to Manchester.	No minimum UK residency requirement under the Foreign National proposition. Full address history, including overseas addresses, is required.
Visa	On a visa that provides a route to remain in the UK.	No minimum time remaining on an acceptable visa. Evidenced by a GOV.UK share code confirming immigration status and visa type.
Future income	Signed permanent contract at £92,000, starting in six weeks.	100% of confirmed future income considered for affordability, evidenced by the employment contract and an employer reference confirming salary and start date where no payslip is available.
Overseas commitments	To be disclosed at application.	Any overseas financial commitments are included in affordability and stressed at 125%.
Deposit	10%, originating overseas.	Deposit must be held in a UK bank account before application. Source of funds and, where required, source of wealth evidence needed. Deposits from certain countries may need enhanced verification.

Eligibility assessment table

What makes this possible ?

No minimum time living in the UK required under Worldwide Welcome
Overseas credit files accessed through Nova Credit, supporting up to 90% LTV where the search is successful
Future income from a confirmed permanent role considered before the first payslip
No minimum time remaining on an acceptable visa
Nine years in the same profession supports the sustainability of the income

Got a case like Raj ?

Someone who's built a career over nine years, landed a senior role in the UK and found the home to go with it, only to find that arriving last month and starting next month means there's nothing on paper for a standard check to read.

Nottingham Building Society starts from the life your client has built, not the length of their UK footprint.

Explore our Worldwide Welcome range to see how we can help your client's case.

Explore Worldwide Welcome

What you would need to submit

The quicker we can see the whole picture, the quicker we can give you a decision. For a case like Raj's

Right to reside - GOV.UK share code confirming immigration status and visa type
New role proof - Signed employment contract confirming the role, salary and start date
Employer reference - An employer reference confirming salary and employment details, as no payslip is available yet
Address history - Full address history including overseas addresses, and evidence of UK residency where available
Deposit trail - UK bank statements showing the deposit, with source of funds and source of wealth evidence tracing it from origin
Overseas exposure - Full details of any overseas financial commitments
Set the scene - A short note on Raj's circumstances and UK plans, and early disclosure of the limited UK credit history

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Please visit our lending criteria & packaging guides

For full criteria information & packaging requirements on foreign national and returning expats cases

Lending criteria Packaging guide