Expat Residential

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, we will condition the offer for nomination of a UK solicitor with a minimum of 2 partners who will act for the applicant, on whom the society can serve notice in the event of default.
• 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.