The Saffron Building Society has unveiled a refreshed range of expat mortgages for landlords looking to purchase or re-mortgage a buy-to-let property in the UK whilst living abroad.
New features include the following:
- New 55% LTV band
- New fixed rate now available up to 75% LTV
- No restriction on countries – Expat Landlords can live in any location around the world including Australia, New Zealand and the USA
- Available to first-time buyers
- Regulated buy-to-let accepted from non-EEA countries
- No UK mortgage history required
- No minimum income
Colin Field, CEO at the Saffron Building Society, said: “With high numbers of UK Nationals living overseas and the launch of Saffron’s enhanced expat buy-to-let offerings there has never been a better opportunity for brokers to introduce this product range to existing and would be customers residing abroad.”