Axis Bank UK
BankAxis Bank UK is the London-based subsidiary of India's third-largest private sector bank, offering UK residential mortgages primarily to Non-Resident Indians (NRIs) and persons of Indian origin looking to purchase property in the United Kingdom.
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About Axis Bank UK
Axis Bank UK Limited operates as a wholly-owned subsidiary of Axis Bank Limited, one of the largest private sector banks in India. The UK subsidiary is headquartered in London and holds a full UK banking licence, authorised by the PRA and regulated by the FCA. Axis Bank UK was established to serve the Indian diaspora community in the UK and internationally.
The bank's mortgage division focuses on a niche but significant market: Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) who wish to purchase residential property in the UK. Axis Bank UK understands the complexities of overseas income verification, foreign currency earnings, and cross-border employment, making them a natural fit for borrowers whose income may be partly or wholly earned outside the UK.
Axis Bank UK offers both residential purchase and remortgage products. The bank's underwriting team has deep expertise in assessing income from the Indian subcontinent, including salary structures, bonuses, and business income that may differ from standard UK formats. They also offer savings and deposit products to UK-based customers. While the mortgage book is relatively small compared to high-street lenders, Axis Bank UK fills an important gap for borrowers who struggle to evidence their income through mainstream channels.
Lending Focus
Axis Bank UK offers mortgage products across 3 categories including Residential, Expat, Foreign National.
Key Features
- Specialist mortgage products for Non-Resident Indians and persons of Indian origin
- Expertise in assessing overseas income from India and the subcontinent
- Full UK banking licence with PRA authorisation
- Both direct and broker-channel mortgage applications accepted
- Understanding of cross-border employment and foreign currency earnings
Pros & Cons
Pros
- Highly specialist expertise in NRI and PIO income assessment
- Backed by Axis Bank Limited, one of India's largest private sector banks
- Accepts both direct and broker applications for flexibility
- Deep understanding of Indian salary structures and business income
Cons
- –Very niche — primarily serves Indian diaspora borrowers
- –Lower maximum LTV of 75% compared to mainstream lenders
- –Limited product range — residential only
Fees & Charges
- Arrangement Fee
- Typically £999 — varies by product and loan size
- Valuation Fee
- Based on property value — usually £250–£1,500
- Early Repayment Charge
- Typically 2–5% during fixed-rate period
- Overpayment Allowance
- Up to 10% per year on most products
Mortgage Rates
Rate data coming soon. View rates on Axis Bank UK
Application Process
- Processing Time
- 3–6 weeks from application to offer
- Online DIP
- No — via broker or branch
- Offer Valid For
- 3 months
Lending Criteria
- Maximum LTV
- 75%
Frequently Asked Questions
Who can get a mortgage from Axis Bank UK?
Does Axis Bank UK accept income earned in India?
Is Axis Bank UK regulated in the UK?
What is the maximum LTV at Axis Bank UK?
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.