INTERNATIONAL
MORTGAGE PLANS

 

Expat Buy To Let Mortgages

With lenders terms and criteria changing frequently please complete our online mortgage enquiry form. This will enable us to let you know which of the which of the current terms we can obtain for you. UK Bank base rate 0.25%, 3 month LIBOR 0.29469%. Details of the current terms that we can arrange for buy to let mortgages.

September 2017

Special schemes available to expat buyers and UK residents for UK buy to let property and in some cases, foreign nationals, for the purchase, or refinancing, of property, for family use, or commercial letting under the shorthold tenancy act.
Common
Denominators
  • Loan to value usually 70%/75% maximum.
  • New purchases and re-mortgages generally available including capital raising for additional property investment
  • Letting under Shorthold Tenancy Act required - 6 or 12 months. Generally no DSS or multiple tenancies. Ex local authority properties and student lets limited range of lenders.
  • Most lenders have imposed restrictions on newly built property
Lender Interest Rate % Max %
 Advance
Lenders Arrangement
Fee /%
Loan to Foreign National Special Features
Ipswich Building Society 3.49%
2yr Discount
75% 1499   See details here
Ipswich Building Society 3.99%
to 30/09/2022
75% 1999   See details here
Small Regional Building Society 3.19%
2 &3 Year
 Discount

75% LTV
Minimum Property Value 125000

1999

No

Employed applicants and UK passport holders only

Offshore
Bank

2yr tracker

3.22%

3.89%
Fixes from 3.22%

up to 60%
up to 75%

 

1% YES

Minimum loan 100,000. New build flats Maximum 65% loan to value Repayment or interest only.

  1. Interest only and repayment loans available.

  2. Ex Council flats and properties over commercial units restricted mainly to central London. One or two lenders offering HMO and Holiday Let mortgages. Restriction on new build flats have eased. The Buy To Let Stress Test has been  increased by some lenders using earned income to make up the shortfall. The old stress test can be applied to 5 year fixed rate products. Contact IMP for details

  3. Loans usually portable without incurring early repayment penalties.

  4. All fees quoted are payable to the lender and are usually added to the loan.

  5. International Mortgage Plans (IMP) charge an arrangement fee of 695 payable on receipt of an acceptable mortgage offer.

Mortgage Enquiry Form      Back to IMP Homepage

 


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