Expatriate Mortgages

EXCLUSIVE EXPATRIATE BUY TO LET SCHEMES

International Mortgage Plans current best buys

With effect from July 2008 the terms of our exclusive expatriate schemes are as follows

 For Expats purchasing or refinancing main UK residence

♦ 3 year tracker 5.99% (Bank base plus 0.99%)  

♦ Option to switch to lenders fixed rate products at anytime without penalty.

♦ Free property valuation for remortgages.

♦ Low cost legal fees of £200 for remortgages.

♦ Lenders arrangement fee £995 can be added to the loan.

Exclusive IMP Expat scheme funded by IPSWICH BUILDING SOCIETY

(Available Purchases and Remortgages)

♦ Current pay rate 6.24% via a 2 year 1% discount on current standard domestic variable rate of 7.24%   

♦ NO early redemption charges at any time – Interest only or capital repayment or mix.

♦ Maximum mortgage holding with lender £1m.  Maximum individual loan £500,000

♦ Lender’s completion fee only £395 which can be added added to the loan.

♦ Capital raising permitted all purposes.   £25,000 limit if for debt consolidation.

♦ Remortgage facility allows for legal transfer costs of £275 including VAT and

    disbursements.

GENERAL TERMS

Supporting documents required under UK government money laundering regulations for EACH APPLICANT with a fully completed and signed application form.

1.  Certified copy of relevant page of passport

2.  Original or certified copy of utility bill (no more than 3 months old) addressed to applicant/s at overseas address OR letter from employer/s confirming overseas residential address for all applicants.          

3.  Last 3 months bank statements (preferably Sterling account) - one original page - for all applicants.

4.  Last annual mortgage statement

5.  Copy tenancy agreement or rental assessment.

6.  Application fee/valuation fee as scale below.   Cheque made payable to International Mortgage Plans.  

7.  IMP’s arrangement fee is 0.25% of the loan obtained (minimum £250 maximum £500) and is required on issue of formal offer.

Whilst credit scoring is not attempted, there will be a standard credit check by the lender on any recent UK address.

Regulated loans also available to 90% loan to value for family occupation on lenders standard terms

International Mortgage Plans are delighted to offer these unbeatable refinancing terms. Compare these terms with the market place and you will see how competitive they are. A low charging rate needn't mean the high arrangement fees which are now a feature of other lenders propositions.

IMPORTANT NOTE: The Financial Services Authority (FSA) regulate UK mortgages. IMP is authorised to advise under the FSA regulations. Buy to Let mortgages, which most of our clients effect, are not the subject to the UK regulatory regime.

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