Our Expat Buy to Let mortgages offers clients who reside overseas an opportunity to own a Buy to Let property in the UK. We have a range of products available and are always happy to discuss a case with you.
Last updated 20 May 2021.
We are unable to accept any new applications from any customer residing in the European Economic Area (EEA) which includes the European Union (EU) countries listed below along with Iceland, Liechtenstein and Norway.
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
We will update this information if there is any change to our policy due to the ongoing financial service sector agreement discussions.
The Stamp Duty incentive has been extended. This means that your clients now have until 30 June 2021 to complete their purchase of a property up to the value of £500,000 without paying Stamp Duty.
To smooth the transition back to normal thresholds, the nil rate band will then apply to properties up to the value of £250,000 until 30 September 2021, before returning to £125,000 on 1 October 2021.
Your client needs to ensure there is sufficient time for their conveyancer to complete all the legal work required to enable their mortgage application to complete before the incentive is withdrawn, or the thresholds change in line with the dates above.
It is in their own interest to instruct their conveyancer at the earliest opportunity so that they are in the best position to meet these deadlines. Please note that any costs incurred for starting the legal process early will need to be met by your client if the case does not progress to completion.
It is important to note that if their application does not complete by the dates outlined above, they will be liable to pay any Stamp Duty related to their purchase.
- No credit scoring
- Minimum income £37,500 per application
- We accept earned income to support rental shortfall as long as it's on our acceptable currency list
- We accept income from 16 different countries. Please note: we do not lend in Australia
- Rental stress test is 125% @ 5.5% (115% at 5.5% if using income)
Rates from 2.79 %
- DSX998 discount to 31.10.2023
- Repayment to 65% LTV
- Interest only to 60% LTV
- Booking fee: £299
- Arrangement fee: 0.40%