Buckinghamshire Building Society has increased the maximum loan-to-value (LTV) on its expat buy-to-let (BTL) products from 75% to 80% and launched two new fixed rate options for both private and limited companies.
The new product options both offer a fixed rate until 31/05/2028 and are available to personal and limited liability company (SPV) applicants. Expat daily BTL rates start from 5.79% and expat BTL Limited Company SPV rates start from 5.89%.
Both products offer short to medium term interest rate security, giving landlords clarity on repayments while retaining the benefit of a manually underwritten approach.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, says: “Expat landlords are an important part of the UK investment landscape, but don’t always fit neatly into the criteria of the high street – especially when it comes to higher LTVs.”
“By increasing our maximum LTV to 80% and increasing our demand for apartments in higher blocks, we give agents more space to list items that might otherwise get stuck.”
“As always, we take a common sense approach on a case-by-case basis. Our manual underwriting means we can look beyond the most important details and work with brokers to find solutions that are right for their clients.”