When applying for a mortgage in the UK as a Nigerian national, there are several important factors to consider. While we guide you through every step, here’s what lenders typically look at:

Proof of Income: Lenders will require evidence of your income, whether from employment, business ownership, or other sources. For Nigerian-based income, documentation should be verifiable and translated if necessary.

Deposit Size: Most lenders require a minimum 25% deposit for overseas buyers. A larger deposit (e.g., 30–40%) can unlock better interest rates and make approval easier.

Credit Profile: UK residents are assessed using their UK credit score. Non-residents without a UK credit file are evaluated based on international credit checks, financial documentation, and overall risk profile.

Employment or Business Details: If you’re employed, lenders will need payslips, contracts, and employment history. If self-employed, tax returns, company accounts, and proof of business continuity will be required.

Currency and Remittance: Income in naira or other currencies must often be converted to GBP for affordability assessments. Manchester Money helps ensure the correct conversion and handling of foreign currency to meet lender criteria.