Buy to Let Mortgages for Expats
Buy to let Mortgages for Expats
Our Expat Mortgage Service
Special features of what we offer include:
- Whole of market service - We work with leading UK lenders including private banks
- Great rates! - Access to leading market mortgage rates
- Exclusive deals - Access to exclusive loan deals not available on the high street
- Fast turnaround - Speak to us today if you need to move quickly. We can access bridging loans and short-term finance
- Raising finance? - Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
Getting a buy to let mortgage for your property can often be a problematic process normally, and it’s no easier if you are a UK expat.
Difficulties expats face when looking for a buy to let mortgage
As an expat, when looking to purchase a buy to let property in the UK, there are a number of considerations that should be taken into account.
From 2017, lenders require the monthly rental yield of the property to be at least 145% (170% for Houses in Multiple Occupation properties) of what the monthly mortgage payments would be.
In addition to a rental coverage ratio of at least 145%, applicant's will have to illustrate that they can afford mortgage payments in the event that the interest rate increases to 5.5% This approach by traditional lenders may make it more difficult for those looking for a buy to let mortgage.
Also, most high street lenders will want to look at your credit history. If you are outside the UK often this causes challenges.
The good news is that there are a number of lenders who take a flexible view on lending and will look at your case on individual merits and personal circumstances rather than a point scoring system.
An experienced mortgage broker could help you find the best deal for your circumstances from across the UK market.
Our buy to let mortgage service for expats
Organising a buy to let mortgage from the other side of the world can be a major headache, which is why we provide an expert buy to let mortgage advisory team to assist you through the UK mortgage process from start to finish.
One major benefit of having a UK mortgage broker is that they can usually organise a purchase on your behalf quickly and simply without you even needing to visit the UK yourself. We offer a whole of market service, working with most UK lenders, which mean we can provide you with exclusive, leading expat mortgage rates that you won’t find elsewhere on the high street.
If you believe that you would benefit from the help of our service, call us today on 0117 403 4222, or fill in our form to request a call back from our buy to let expat advisory team, who can provide you with a free initial consultation.