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.