How Currency Haircuts Affect UK Expat Mortgages
Most expats don’t realise currency haircuts exist – until they reduce how much they can borrow. On paper, your income might look strong. You’re earning well, the numbers look fine, and you expect lenders to treat it the same as UK income. Then the lender applies a “haircut”. Suddenly, the income they actually use is lower than you expected – sometimes by […]