Available to expats returning to the UK or where direct family (spouse and own children) remains in the property
Key points for our Expat Residential products:
- Minimum age 21
- Repayment or Interest Only
- Interest only to 70% max LTV and subject to an acceptable repayment strategy
- Max LTV 90%
- Minimum Loan Size: £100,000
- Maximum Loan Size: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV
Eligibility Criteria
- Available to expats returning to the UK or where direct family (spouse and own children) remains in the property
- Only income received in GBP Sterling accepted.
- UK Bank Account required.
- Single Tax Residency only
- Property must not be unoccupied (i.e. either direct family must occupy, or applicant must have returned to the UK prior to completion)
- All documentation not in English will need to be translated by a qualified translator
- If the property will be occupied by a non-borrowing family member, mortgage offers are subject to the appointment of an acceptable individual or company that will be authorised to accept legal notices and court documents on the borrower's behalf in connection with the mortgage in England and Wales. Any individual appointed must meet the UK's approved countersignatory requirements. Family members are acceptable. Please note this is a requirement of an offer and we will not proceed to completion without this.
- The applicant must be a British Passport holder or have permanent rights to remain
- Available to employed applicants, Self Employed applicants with a 2-year trading history and contractors with 2 years’ continuous contracting history
- Members of the Armed Forces serving abroad are eligible for our standard residential range.
- Please note that all Expat Residential cases will refer at DIP, to allow our Underwriters to carry out initial checks on eligibility and affordability.