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 0.5%, 3 month LIBOR
0.75963%. Details of the current terms that we can arrange for buy to let mortgages.
May 2022
| 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 |
| Building Society |
3.35%
2yr Discount |
80% |
£999 |
|
See
details here |
| Small Regional Building Society |
3.29%
3 Year
Discount |
70%
LTV
Minimum Property Value £80,000
|
None |
No |
Employed applicants and UK passport holders only |
Offshore
Bank |
2yr tracker
2.99%
3.29%
Fixes from
3.29%
|
up to 65%
up to 75% |
1% |
YES |
Minimum loan £100,000. New build flats Maximum 65% loan to value
Repayment or interest only.
|
-
Interest only and repayment loans
available.
-
Ex Council flats and properties over commercial units restricted mainly to
central London. More lenders now offering HMO and Holiday Let mortgages.
Restrictions on new build flats have eased. The majority of lenders use a rental
income stress test to assess mortgage advances. Contact IMP for details
-
Loans usually portable
without incurring early repayment penalties.
-
All fees quoted are
payable to the lender and are usually added to the loan.
-
International Mortgage
Plans (IMP) charge an arrangement fee of £595 payable on receipt of an
acceptable mortgage offer.
-
The offshore bank will accept
Hong Kong British National Overseas Passport Holders B.N.O.
Holiday Let and Airbnb product
availability is improving with expat providers. Contact IMP for details
Availability of funding for
expat portfolio landlords and H.M.O. properties has increased too.
Mortgage Enquiry Form
Back to IMP Homepage
|
