It is sometimes quite difficult for expats to obtain a mortgage that accurately reflects their true income as lenders can struggle to obtain accurate financial information on the borrower. If you have complex income streams from stocks and shares, pensions or other investments or property rentals then you may find some of these income streams might not be taken into account, resulting in a smaller mortgage loan being agreed than would have otherwise have been the case.
Although all lenders have different criteria that they apply to income, in general terms, the more stable that income is perceived to be the better the chance that they will lend. Expats working overseas for UK international companies and paid in Sterling into a UK bank account, will usually come in at the top of the list. Income from a local company established in a third world country, may prove extremely difficult to get accepted. Within these two extremes there are a multitude of possibilities, all of which will affect a lenders decision to some degree.
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The same applies to credit ratings. Again, an expat working for a UK international company and maintaining a visible presence in the UK through having held UK bank accounts and having a UK address with traceable bills for services at that address will be well received by most lenders. Where the expat has no established presence in the uk and has difficulty in providing proof of their activities overseas, then lenders are likely to shy away from them.
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