If your client is looking for an Expat Residential mortgage, we have a range of products available. Our Expat Residential mortgage range allows applicants overseas to purchase a UK residential home for their family to live in.
Last updated 27 August 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 was extended until 30 June 2021. This meant that clients could complete their purchase of a property up to the value of £500,000 without paying Stamp Duty.
To smooth the transition back to the normal threshold, the nil rate band now applies 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 threshold change.
It is in their own interest to instruct their conveyancer at the earliest opportunity so that they are in the best position to meet this deadline. 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 date outlined above, they will be liable to pay any Stamp Duty related to their purchase.
- First time buyers are accepted
- Minimum income £37,500 per application
- Interest only up to 50% and repayment up to 80% LTV
- Gifted deposits are accepted
- All family members (i.e. wife/husband/partner/children/parents) residing in the property is acceptable and they do not have to be named on the mortgage
Rates from 2.69 %
- DSE997 discount to 31.10.23
- Repayment to 80% LTV
- Interest only to 50% LTV
- Booking fee: £299
- Arrangement fee: £699
Key documents to support you with your cases.