We have reintroduced our Ex-Pat Buy-To-Let mortgage. The product offers a 2-year discount, and customers must earn the equivalent of £25k from either personal or business income. However, affordability for the loan will be calculated on rental income. We have no maximum age at entry or exit of the mortgage, and we accept first time landlords. For full details of our product read more…
| Product | Initial Rate | Discount from BTL SVR | Follow on rate | APRC | Max LTV | ERC | App fee | Prod fee | Notes |
| EX04 Ex-Pat BTL 2 year discount | 3.99% | 1.50% | 5.49% | 5.4% | 70% | 1.0% year 1 0.5% year 2 | £0 | £999 | For a list of acceptable counties where UK ex-pats are residing, visit our website. |
Tim Vigeon, Head of Lending explains: “Our Ex-Pat product is up to 70% LTV and available to those who are residing abroad, either renting or as homeowners. We have no maximum age at entry or exit, which is something that is unique in the market. We have had a number of enquiries regarding this type of lending in the past, with people looking to rent out a UK property as part of their long-term financial planning. We have a list of accepted countries and the borrower must be either living or working in one of these.”
There is a BTL calculator online, which can be used to confirm rental income fits the stress test.
If the calculator passes, please register and upload your application attaching your calculator spreadsheet and supporting documents via our Broker Online portal here.
For further information, please contact your Key Account Manager:
- Claire Askham (North): claireaskham@bucksbs.co.uk or 01494 418257
- Julie Hanif (South): juliehanif@bucksbs.co.uk or 01494 418254
