arrangement fee
This fee can be paid upfront or added to the mortgage amount. If the fee is added to the mortgage then interest will be payable on the fee at the same rate as the mortgage.
1%
booking fee
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
no fee
initial rate
3.34% fixed until 31 December 2026
3.34%
followed by our BTLVR 5.44%
The overall cost for comparison is 4.8% APRC

Fixed until 31/12/2026 . Early Repayment Charges apply. . This product may be withdrawn at any time.

Product key features

Who's the product for?

Our ex-pat buy to let products are available to expatriates residing in countries that are included in the Financial Action Task Force (FATF) approved list and the UAE (subject to individual case assessment) with some exceptions. Please contact us directly to discuss acceptable countries.
Your client must be aged 21 or over and the term can’t run beyond the eldest borrowers 85th birthday.
Your client must also earn at least £20,000, or local currency equivalent. If they are a self-employed professional landlord, we’ll accept rental income as a source of income.
Your client must hold a valid notice address in the UK. A solicitor's or family member's address is acceptable.
Your client must also hold a UK bank account. The mortgage payments and rental payments must be serviced by the same UK bank account.

Experienced landlords and self-employed
If your client currently has a buy to let property, or if they've had one in the last 12 months we’ll accept them as an experienced landlord.
Expected rental income must cover 125% of the mortgage payment amount on a rate of 5.5%*.
*or the applicable fixed rate if 5 years or longer.

First time landlords
If your client has not held a property on a buy to let basis during the previous 12 months, we will class them as a first time landlord.
The rental income must cover 140% of the mortgage payment amount on a rate of 5.5%*.
*or the applicable fixed rate if 5 years or longer.

Portfolio size
We will consider the application as long as the landlord’s portfolio does not exceed three mortgaged properties upon completion across all lenders.

General exclusions
The following application types aren’t accepted:

  • Studio or one bedroom apartments;
  • Local authority flats, flats in block of more than four storeys or flats above commercial premises;
  • Applications from limited companies;
  • Applications where you’ll occupy the property either now or in the future, will be let to a family member, or where up to 40% is occupied by the owner with the remainder let; and
  • Multiple occupancy lets, DSS tenants, student let or sub-letting.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Product related fees

There is an arrangement fee of 1.00% of the mortgage amount that can be deducted from the mortgage advance or added to the amount borrowed. Please note, if your client chooses to add the fee to their mortgage, interest will be charged at the same rate as the mortgage

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

 

Mortgage amounts

There is a minimum mortgage amount of £100,000.

The maximum loan amount on this product is tiered by loan to value:

  • Up to 50% LTV: a maximum loan amount of £950,000
  • Up to 60% LTV: a maximum loan amount of £700,000
  • Up to 70% LTV: a maximum loan amount of £500,000

The maximum loan to value available is 70%.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage repayment terms

Your client can repay their mortgage over a minimum of 5 years and a maximum of 35 years.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Early Repayment Charges

Your client can overpay up to 10% of the original mortgage amount each year.

Any overpayments taking your client over this allowance will be subject to the full Early Repayment Charge. The Early Repayment Charge will be:

  • 6% of the amount repaid until 31/12/2021;
  • 5% of the amount repaid until 31/12/2022;
  • 4% of the amount repaid until 31/12/2023;
  • 3% of the amount repaid until 31/12/2024;
  • 2% of the amount repaid until 31/12/2025 and
  • 1% of the amount repaid until 31/12/2026

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Happy to help you...

  • Discuss your clients needs
  • Help with your existing buy to let case
  • Discuss our buy to let criteria
  • Process your decision in principle
Faye is here to help you with your case 0121 521 4045*
Our lines are open:
Monday - Friday9:00 - 17:00
Saturday - SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

Your property may be repossessed if you do not keep up repayments on your mortgage.