If you’re a foreign national living in the UK, one question always comes up sooner or later: Should I rent or buy a UK home?
We’ve helped hundreds of clients on Skilled Worker and Spouse visas answer this very question. You might be closer to homeownership than you think.
“Everyone else said it wouldn’t work…”
Take one of our recent clients. She’d been renting for years and was told by others that getting a mortgage on a visa wasn’t possible. After we assessed her situation, we matched her with the right lender, and today, she’s a proud UK homeowner.
Her words:
“Everyone else said it wouldn’t work, but Ripley made it possible.”
Renting vs Buying: What Should Foreign Nationals Know?
Let’s break it down:
When Renting Might Make Sense
- You’re only in the UK short-term
- Your income isn’t stable yet
- You need maximum flexibility
- You’re still building your credit score
When Buying Might Be Better
- You’re on a long-term visa (such as Skilled Worker, Spouse, Health and Care, or Global Talent)
- You’ve saved at least a 5 to 10% deposit
- You plan to stay in the UK and want to build equity
- You’re paying more in rent than a mortgage would cost
If you’re paying £1,200 or more in rent each month, you’re likely covering someone else’s mortgage. So why not your own?
Do I Need Permanent Residency to Buy in the UK?
No.
Foreign nationals can buy with a visa. We’ve helped clients on Skilled Worker, Global Talent, and other routes purchase their first home with as little as a 5% deposit.
Can I Get a Mortgage if I Don’t Have a Perfect Credit Score?
Yes. While building your UK credit file is a smart move, it is not always essential. Some lenders focus more on your income, visa type, and affordability, especially if you have the right supporting documents.
Related guide:
What Credit Score Do Foreign Nationals Need for a UK Mortgage?
Final Thoughts: Run the Numbers, Not the Myths
Renting gives flexibility, but buying helps you build wealth.
If you have a stable income, a deposit saved, and plan to stay in the UK, waiting could cost you more over time.
At First Time Finance, we specialise in helping foreign nationals become homeowners. We can show you what’s possible, and whether buying is the right move for you now.
Still unsure if you’re ready to buy?
Book your mortgage call and we’ll help you decide.
FAQs: Rent or Buy in the UK as a Foreign National
Can I get a mortgage on a Skilled Worker visa?
Yes. Many lenders accept Skilled Worker visa holders with the right documents and deposit.
Is buying better than renting as a foreign national?
If you are earning consistently and plan to stay in the UK, buying can help you build equity and long-term stability.
Do I need a perfect credit score to buy?
No. Some lenders accept developing or limited UK credit histories if you have strong income and visa documentation.
Talk to a Mortgage Specialist
