Reviewed 2026-07-13
Perenna visa & foreign national mortgage criteria
Accepts foreign nationals
Yes
Max LTV without ILR
up to 95% LTV
Minimum time left on visa
12 months
| Criteria | Verdict | Detail |
|---|---|---|
| Accepts foreign nationals | Yes | — Skilled Worker-class (legacy Tier 1/2) visas; 18 months' UK residency; £50k+ main-applicant income |
| Max LTV without ILR | Yes |
No foreign-national LTV restriction — standard tiers apply (95% to £750k) |
| Income requirement (foreign nationals) | Yes | — £50,000 — main applicant alone; joint income cannot be combined to reach it |
| Visa types accepted | Yes | — |
| Minimum time left on visa | Yes |
|
| ILR (settled status) required | No | — |
| Deposit from overseas | No | — All deposit funds must be converted to GBP and held in a UK account at application |
| Foreign income accepted | No | — GBP income only; UK tax residency required |
| Builder gifted deposit | Yes | — |
| New-build max LTV | Yes |
|
| Max LTV (standard) | Yes |
|
Source: lender intermediary criteria, last verified 2026-07-10. Criteria change frequently — always confirm current policy with the lender or a broker.
Adviser's view
Perenna is the most interesting lender on this list for visa holders right now, for one structural reason: it applies no reduced LTV cap for foreign nationals. Meet its visa conditions — Skilled Worker-class visa, £50,000+ main-applicant income, 18 months in the UK, 12+ months left on the visa — and you borrow on the same loan-to-value terms as a British citizen, up to 95%. Almost every mainstream rival cuts LTV for applicants without ILR; Perenna simply doesn't.
Combined with its builder-incentive rules, that enables the genuinely unusual zero-deposit new-build route — a 95% loan plus a 5% builder gift covering the entire purchase price of a new-build house.
The trade-off is the product itself: Perenna's mortgages are long-term fixed rates, priced above short fixes in exchange for decades of certainty and no stress-rate squeeze on affordability. For the right buyer that's a feature; for someone planning to remortgage in two years it usually isn't. The table above has the current positions — confirm product availability directly, as high-LTV ranges move quickly.