We've relaunched expat buy to let mortgages
10 March 2022 • Products & Services
We've introduced three buy to let mortgage products to help UK expatriates living and working overseas, buy rental or holiday let properties in England and Wales.
They are a 2-year Fixed Rate, a 2-year Discounted mortgage and a 5-year Fixed Rate mortgage.
All are offered without application fees. There is no completion fee on the 2-year Discounted and £1,999 completion fees on the Fixed Rate products.
Our Product Manager, Dan Barker, said: “I am delighted we have been able to re-enter the expat buy to let market this year, as it’s been on the ‘to do’ list for a while now.
“These products offer competitive rates, and increased choice, as well as the opportunity to add completion fees to the loan. And as we assess all applications on a case by case basis, we can offer as much flexibility as possible.”
These products are available for experienced landlords who have a maximum of three mortgaged rental properties and who are not deemed portfolio landlords.
Loans can be considered up to 75% loan to value, between £20,000 and £750,000 and are available for purchases, remortgages, product switches and further advances.
Holiday lets are available up to £500,000, including Airbnb properties and for borrowers who occupy the property for up to a maximum of 90 days a year.
We will not lend to any country on the financial sanctions list. All currencies considered.
Our mortgage products can be found by clicking here. All our mortgages are available on properties across England and Wales.
For more information contact the team today.