Expat Mortgage Rates

LENDER	INTEREST RATE %	MAX % ADVANCE	LENDERS ARRANGEMENT FEE	SPECIAL FEATURES
BANK OF SCOTLAND	Bank Base + 2.89%	70%	1% of loan amount	Minimum loan £1000,000 Rent must be 125% of mortgage interest payment.
BM SOLUTIONS	4.25% 2 year fix 5.40% 3 year fix	60% 60%	3.0% 2.5%	Applicant must work for Govt Agency or Multi National Company. Rental calculation 125% at payrate.
C&G	4.29% 2 year fix 4.69% 3 year fix 5.29% 5 year fix 3 year tracker 3.79%	75% 75% 75% 75%	995 995 995 995	Limited offers via IMP Every case has to be agreed with an underwriter before submission. Will not lend to Self employed expat applicants. Employed applicants need to work for large companies. Available for main UK residence only. Free property valuation and low cost legal fees for remortgages. Different terms available for loans between £1 million and £5 million
DRESDNER KLEINWORT BENSON	Libor + 1.5%	Purchase 60% Remortgage 50%	0.75%	Currency Switching. Minimum Loan £100,000. Life assurance required. Min earned income £75,000. Currency loan minimum income £100,000 Other discounts, special terms £400K +
HALIFAX	5.29% 2 Year Fix 3.79% 5 year tracker	75%	£999	Maximum loan £500,000 Very restrictive terms. No capital raising allowed. Must be returning to the UK within 2 year period. 6 months bank statements required. Redemption Penalties Fixed rate 2% in first 3 years
HSBC	Rates under review	70% Repayment basis only 65% Interest only	£999	Many existing expat HSBC bank customers come to us after being told that they will not have a problem obtaining an expat mortgage for a UK property with the bank and then find that the bank is unable to lend to them. The London office can only deal with "FSA regulated loans" where a family member will be resident in the property. Applicants need to be in salaried employment or professional occupations such as Dr’s, Dentists, Solicitors or Accountants
IPSWICH	4.99% two year discounted rate	75%	£695	IMP exclusive expatriate buy to let scheme No early repayment penalties at anytime Will only lend on houses including new build
IRISH PERMANENT	Temporarily withdrawn	75%	1%	Loans to offshore companies and trusts.
NATWEST BANK	Base rate + 2.79%	60%	1%	Expats salary must be being paid to UK bank account
ROYAL BANK OF SCOTLAND INTL	Base + 2.99% 2 year tracker	65% Repayment only 60% Interest only	1%	Minimum loan £100,000 Will lend on new build flats max loan to value 55% on a repayment basis and 50% interest only
STROUD AND SWINDON BUILDING SOCIETY	Withdrawn no further advances	75%	£695

This table is for information purposes only and is not to be viewed as a recommendation

Notes:
Some Lenders have onerous redemption penalties for fixed and discounted terms.
A usual penalty is 6 months interest in the first 5 years. Loans are however portable but proportionate penalties would apply unless similar amount loans were taken. There are also proportionate penalties on partial repayments. BANK OF SCOTLAND, FORTIS , KLEINWORT BENSON and ROYAL BANK OF SCOTLAND all offer loans via offshore trusts and offshore companies. Arrangement fees can be as much as 2.5% of the loan. Some lenders make life assurance cover obligatory. Others insist on their "in-house" buildings and contents insurance as a loan condition.

Arrangement Fees - All fees quoted are payable to the lender and are usually added to the loan, although some require payment with the application. IMP will charge an arrangement fee of .25% subject to a minimum of £250 and a maximum of £500 but this can be waived where associated financial products, such as mortgage protection, is effected through the company's agencies.

IMP are authorised and regulated by the Financial Services Authority (302775) for mortgage advice and hold Consumer Credit Licence No: 592583.


		INTERNATIONAL MORTGAGE PLANS

Expat Mortgage Rates

LENDER

INTEREST RATE %

MAX % ADVANCE

LENDERS ARRANGEMENT FEE

SPECIAL FEATURES