Expat Mortgage Rates

LENDER	INTEREST RATE %	MAX % ADVANCE	LENDERS ARRANGEMENT FEE	SPECIAL FEATURES
BANK OF SCOTLAND	Libor +/- 1.2%-1.3%	70%	0.25%	Special scheme depending on individual circumstances please contact us for details Minimum income £70,000 pa. Minimum loan £100,000
BM SOLUTIONS	7.19% 3 year fix 6.29% 3 year tracker	75%	2% of loan amount	Applicant must work for Govt Agency or Multi National Company. Rental calculation 125% at payrate.
C&G	6.44% 2 year fix 6.44% 3 year fix 6.29% 5 year fix 6.33% Full term tracker Bank base plus 1.53%	75% 75% 75% 80%	£995 £995 £995 £995	Limited offers via IMP 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. You can take a combination of products i.e. 50% Fixed 50% Tracker Every case has to be agreed with an underwriter before submission. New build apartments maximum loan 65% Minimum loan for these terms £25,000 Different terms available for loans between £1 million and £2 million
DERBYSHIRE BUILDING SOCIETY	Withdrawn from market	N/A	£599	Existing customers only they have recently withdrawn from Expat market High rental yield of 125% of mortgage payment required Historic or current UK address required for credit reference purposes
DRESDNER KLEINWORT BENSON	Libor +1-1.5%	80%	0.5%	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 +
FORTIS BANK GROUP	Sterling mortgage LIBOR + 1% Foreign currency mortgage LIBOR +1.25% Multi Currency available in YEN CHF EUR HKD USD GBP	75% 70%	£500 £500	Minimum Loan £150,000 - 80% owner/family occupation. Loans to offshore companies and trusts. Foreign currency mortgage For clients earning in US dollars, Japanese Yen, Canadian Dollars or another foreign currency. A foreign currency mortgage may be appropriate. Maximum for interest only 70% allows multiple currency switching only available to high net worth individuals.
HALIFAX	6.49% 3 Year Fix	75%	£1499	Very restrictive terms. No capital raising allowed. Must be returning to UK in a short period. 6 months bank statements required. Redemption Penalties Fixed rate 2% in first 3 years Tracker 1% in first year
HERITABLE	7.15%	70%	1.5%	Redemption 3/2% 2 year penalty.No new build flats. Max loan £250,000
HSBC	Rates under review	80% Repayment basis only 75% 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	6.24% two year discounted rate	75%	£395	IMP exclusive expatriate buy to let scheme Maximum 4 properties £500,000 total borrowing Interest calculated daily No early repayment penalties at anytime Will not lend on new build apartments
IRISH PERMANENT	Temporarily withdrawn	85%	1%	Same rate second asset loans Also 2-10 year FIXES with repayment penalties . Loans to offshore companies and trusts.
NATWEST BANK	7.25% 2 year fix	70%	1%	Expats salary must be being paid to UK bank account
PORTMAN BUILDING SOCIETY	Terms under review			Expat terms under review following the Portman Building Societies takeover by Nationwide Building Society. For existing clients further advances are no longer available.
ROYAL BANK OF SCOTLAND INTL	Base +1%	75%	1%	Minimum loan £100,000 Terms can vary via different Royal Bank operation areas.
SAFFRON BUILDING SOCIETY	Temporarily withdrawn	UK Expats 85% Foreign Nationals 75%	Loans to £350,000 £595 Loans to £500,000 £795	Exclusive to IMP Maximum holding £1.5 million. Up to three buy to let properties.
STROUD AND SWINDON BUILDING SOCIETY	6.79% 2 year discount	75%	£695	Exclusive to IMP Limited tranche Free valuations and Free legals (remortgaging) £249 reservation fee £750 completion fee
TMW	5.59% 2 year tracker	65%	2.5%	Arrangement fees can be added to the loan. Multiple property landlords (portfolio of 2 or more properties) Where more than one property is held rental and loan to values can be aggregated. Will not lend on new build apartments

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 1% 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.

Most lenders have now settled on a base variable rate of circa 7.25%- 7.75%. Bank rate @ 01/07/08 5.00%
3 month LIBOR 5.83%.

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