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 0.50%, 3 month LIBOR
0.51906%. Details of the current terms that we can arrange for buy to let mortgages.
|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.
- Loan to value usually 70%/75% maximum.
- New purchases and re-mortgages generally
available including capital raising for additional property
- 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
||Interest Rate %
|Loan to Foreign National
|Ipswich Building Society
|Small Regional Building Society
2 &3 Year
Minimum Property Value £125000
Employed applicants and UK passport holders only
Fixes from 3.22%
|up to 60%
up to 75%
Minimum loan £100,000. New build flats Maximum 65% loan to value
Repayment or interest only.
Interest only and repayment loans
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
Loans usually portable
without incurring early repayment penalties.
All fees quoted are
payable to the lender and are usually added to the loan.
Plans (IMP) charge an arrangement fee of £695 payable on receipt of an
acceptable mortgage offer.
Mortgage Enquiry Form
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