Ex-Pat Buy to Let mortgages are exempt from Financial Conduct Authority Rules.
We are currently not accepting applications from ex-pats residing in Europe and Hong Kong.
Available for either individual landlords or for limited companies. Property must qualify as a Furnished Holiday Let under the HMRC definition. The property must be available to let for 140 or more days a year. Airbnb can also be considered.
Applicants must have their own main residence and a minimum income of £30,000. Maximum of 3 Buy To Let mortgaged properties.
We will only accept properties being managed through holiday let agents.
Please note that upon submission of online DIP, we will require a letter from a holiday let agent on their company letterhead confirming the average low, medium and high rent together with expected occupancy and fees being paid.
We will only lend on properties that are by the coast and in national parks areas. We will not lend on properties that are on holiday parks, complexes, B&B, flats, leasehold properties or any properties that have an occupancy restriction.
5.99% variable
8.59% variable
8.4% APRC
75% including fees
None
£1,195
Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
2% in the first year
1% in the second year
A mortgage loan of £500,000 payable over 15 years on an interest-only basis, initially on a discount of 2.60% from our Buy to Let Standard Variable Rate, currently 8.59%, giving a pay rate of 5.99% for 24 months and then on our Buy to Let Standard Variable Rate, currently 8.59%, for the remaining period would require 24 payments of £2,495.83 and 156 payments of £3,579.17.
There is a floor of 2.50% on this product which means the rate during the discount period will not go below that rate.The total amount payable would be £1,120,373.44 made up of the loan amount plus interest (£618,102.44), a product fee (£1,195), valuation fee (£655), a funds transfer fee (£25), solicitors fees (£148), and an exit fee (£100).
The overall cost for comparison is 8.4% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our BTL standard credit criteria click here for details
Middle East
United Arab Emirates and Qatar
Americas
Bahamas, Barbados, Canada, Chile, Costa Rica, Uruguay and USA.
Asia
Bhutan, Japan, Malaysia, Singapore, South Korea and Taiwan.
Australasia
Australia and New Zealand.
Africa
Botswana, Mauritius, Namibia and Seychelles.
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
2% in the first year
1% in the second year
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 21 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £50,000.
Maximum loan size £500,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is not portable.
All BTL properties being mortgaged to the Society require an EPC rating of between A and E. The Society will not lend on properties with an EPC rating of F and G.
Interest is calculated daily on the balance outstanding and added to the account the following month.
Ex-Pat Buy to Let mortgages are exempt from Financial Conduct Authority Rules.
We are currently not accepting applications from ex-pats residing in Europe and Hong Kong.
Available for either individual landlords or for limited companies. Property must qualify as a Furnished Holiday Let under the HMRC definition. The property must be available to let for 140 or more days a year. Airbnb can also be considered.
Applicants must have their own main residence and a minimum income of £30,000. Maximum of 3 Buy To Let mortgaged properties.
We will only accept properties being managed through holiday let agents.
Please note that upon submission of online DIP, we will require a letter from a holiday let agent on their company letterhead confirming the average low, medium and high rent together with expected occupancy and fees being paid.
We will only lend on properties that are by the coast and in national parks areas. We will not lend on properties that are on holiday parks, complexes, B&B, flats, leasehold properties or any properties that have an occupancy restriction.
5.99% variable
8.59% variable
8.4% APRC
75% including fees
None
£1,195
Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
2% in the first year
1% in the second year
A mortgage loan of £500,000 payable over 15 years on an interest-only basis, initially on a discount of 2.60% from our Buy to Let Standard Variable Rate, currently 8.59%, giving a pay rate of 5.99% for 24 months and then on our Buy to Let Standard Variable Rate, currently 8.59%, for the remaining period would require 24 payments of £2,495.83 and 156 payments of £3,579.17.
There is a floor of 2.50% on this product which means the rate during the discount period will not go below that rate.The total amount payable would be £1,120,373.44 made up of the loan amount plus interest (£618,102.44), a product fee (£1,195), valuation fee (£655), a funds transfer fee (£25), solicitors fees (£148), and an exit fee (£100).
The overall cost for comparison is 8.4% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our BTL standard credit criteria click here for details
Middle East
United Arab Emirates and Qatar
Americas
Bahamas, Barbados, Canada, Chile, Costa Rica, Uruguay and USA.
Asia
Bhutan, Japan, Malaysia, Singapore, South Korea and Taiwan.
Australasia
Australia and New Zealand.
Africa
Botswana, Mauritius, Namibia and Seychelles.
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
2% in the first year
1% in the second year
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 21 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £50,000.
Maximum loan size £500,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is not portable.
All BTL properties being mortgaged to the Society require an EPC rating of between A and E. The Society will not lend on properties with an EPC rating of F and G.
Interest is calculated daily on the balance outstanding and added to the account the following month.