About Expat buy to let mortgage

If you are from the UK but live and work overseas, an expat buy to let mortgage allows you the ability to purchase a property in the UK in order to rent out. You might be interested in buying a property in Britain as an investment, or perhaps as part of your pension planning. With excess of more than thirty five expat mortgage lenders as part of our panel, Mortgaze is ideally placed to help you find the best Mortgage.

If you are living and working abroad, as long as you are a UK passport holder and a British citizen with a financial profile that fits in with the requirements of our lenders, you could be eligible for an expat buy to let mortgage. We will help you go through the complete process and can provide you with support and assistance including a team who understand the needs of international customers.

Once we have quickly determined whether you are indeed eligible for an expat buy to let mortgage, we will walk you through the essential application process and gather up all of your supporting documentation.

At Mortgaze we help you with all stages of your application and then submit it only to the lenders that we feel have the best expat buy to let mortgage deals. We work with those lenders to achieve the best mortgage rate and terms to suit to your circumstances.

Expat buy to let mortgage

AREAS WHERE WE CAN HELP

  • Finance options when buying through a limited company.
  • Expats who reside in a range of different countries.
  • Expats that do not have a UK bank account.
  • Expats who are First Time Buyers / First Time Landlords.
  • Expats who are professional landlords.
  • Expats that are either Employed or Self Employed.
  • Expat parents that are buying an investment property for their children whilst at university.

The amount that you will be able to borrow is typically 80% of the maximum loan to value (LTV).

However, different lenders have different criteria and it will depend on your circumstances, including the loan amount, the deposit, and the products they have available. Interest only and repayment mortgages (capital and interest combined) are available for UK expats. Usually, direct debits for the mortgage repayments will need to be paid from a U.K bank or building society.

We understand that when you are living in a different time zone, buying a property and exploring your mortgage options can be complicated. Most of the time it’s not possible to pop into your nearest branch to discuss your mortgage and you may have to manage your mortgage payments in a different currency.

The Mortgaze team regularly deals with requests of this kind and we are confident that we will be able to secure your expat buy to let mortgage on the best possible terms available. Contact us here or by phone to find out more about expat buy to let mortgages. Our advisers will be happy to discuss how we can start working towards achieving the best mortgage deal for you today.

You must keep in mind that changes in the exchange rate may increase the sterling equivalent of your debt.

Criteria highlights & areas we can help
  • Market leading rates
  • Up to 85% LTV
  • Loans from £25,000 with no maximum limit
  • Products with no minimum income requirements
  • Remortgage & Capital Raising
  • Consumer Buy to Let
  • Foreign National Buy-to-let mortgages
  • Lending into retirement
  • Self-funding Buy-to-lets
  • Adverse credit options
  • Employed & Self Employed Applicants
  • Professional Landlords
  • Lending in England, Wales, Scotland and Northern Ireland
  • Access to Exclusive Products
  • Fixed and variable rates
  • Products with low fees and No ERCs
  • Portfolio finance
  • High and low value properties
  • Flats above commercial premises
  • Low rental properties
  • High rise flats
  • Listed buildings
  • New Builds and House & Flats
  • Ex-Council Properties
  • Holiday Lets
  • Houses Divided into Multiple Units without Individual leases

The scenarios highlighted above are those that we most regularly receive requests in assistance with. It is simply for you to get a better understanding of the areas we commonly deal with. Contact us to for a more personalised search of the market based on your individual circumstances.

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How Can We Help?
Please get in touch on 0208 720 9349
Enquire Now

(Open 7 days a week, from 9 am to 8 pm on weekdays and until 6 pm on weekends)

FAQ
Frequently Asked Question

We are happy to answer your queries on the phone or in person but here are answers to some of the most frequently asked questions we receive regarding buy to let mortgages for limited companies.


From April 1 2016, anyone purchasing an additional property must pay an extra 3 per cent stamp duty. Click here to calculate how much stamp you will pay to purchase a buy to let property. Please note that new rates are applicable to both Individual and companies buying a buy to let property or second home. There is no exemption if you purchase a buy to let in a limited company.

From April 2017, if you are subject to income tax, you will have a restriction applied to the relief you receive on the finance cost of running your rental business. This will apply to interest paid on any debt, as well as the cost of running your rental business. The restriction will be phased in from 6 April 2017 and fully implemented from 6 April 2020.

One option is to incorporate your property business as the income tax provisions restricting the deduction of interest cost related to residential property will not apply to companies. If you are considering purchasing your next buy to let property through a limited company or looking to refinance a limited company buy to let mortgage, we have access to wide range of lenders and products offering limited company buy to let mortgages. Please click here to gaze more.

If you are considering investing in Buy-to-Let properties through a Limited Company, it is important that you understand the advantages, disadvantages and responsibilities associated with company ownership before making a decision. At Mortgaze we always suggest that you take full financial and legal advice before proceeding.

The Bank of England’s PRA (Prudential regulatory authority) has set out new guidelines on rental stress test for buy to let mortgage. A rental stress is method which is applied by lenders to calculate your maximum loan amount based on the rental income from property. The broad guidelines are:

  • Lenders should assume a minimum borrower interest rate of 5.50%. The reason behind is that lenders should take account of likely future interest rate increases.
  • Interest Cover Ratio to be increased from 125 per cent to 145 per cent (This is has been introduced so that lenders should take into account all the management costs plus the borrower’s tax position, especially given the recent changes to tax relief mentioned above.

We have buy to let mortgage product to borrow up to 85%. So you can secure a buy to let mortgage property with a minimum 15% deposit.

To calculate this amount, a lot depend on the rental income from the property. Use our buy to let mortgage calculator to get an indicative figure.

Our Latest

BEST BUY RATES

To find out how much your buy to let mortgage and bridging loan will cost, use our latest best buy table. You can also use our buy to let calculator to find out how much you can borrow based on the rental income from a buy to let property. Contact us to for a more personalised search of the market based on your individual circumstances.


Mortgage Calculator

From how much you can borrow to how much it will cost ? Try our calculators to help you answer those initial queries.

Buy To Let Mortgage Calculator

Monthly Rental is

LOAN AMOUNT
£ 0

Buy To Let Stamp Duty Calculator

Property Value is

STAMP DUTY
£ 0

These calculators are for illustrative purposes only and is not a mortgage offer. This is a guide to how much you'd pay each month. The exact amount will depend on the type of mortgage, lender and your individual circumstances.

Some of Our Lenders

We work with some of the best & most experienced lenders to bring high quality mortgage solutions..

  • MT Finance

  • Saffron Building Society

  • Aldermore BTL

  • Clydesdale Bank

  • Kent Reliance

  • National Counties Building Society

  • Santander Corporate & Commercial

  • Aldermore Commercial

  • Abbey

  • Cambridge Building Society

  • InterBay Commercial

  • Mortgage Trust

  • Principality Building Society

  • Accord Mortgages

  • Castle Trust

  • Kensington

  • Shawbrook Bridging

  • Arbuthnot Latham

  • Dragonfly Development

  • Leek United

  • Norwich and Peterborough

  • Shawbrook BTL

  • Axis Bank

  • Dudley Building Society

  • Lend Invest

  • Norwich and Peterborough BTL

  • Shawbrook Second Charge

  • Bank of China

  • First Bank of Nigeria

  • Lloyds Bank Commercial

  • Oblix Capital

  • Skipton Building Society

  • Barclays Commercial

  • Fleet Mortgages

  • Marsden Building Society

  • Paragon Mortgages

  • The Mortgage Works

  • Barclays Mortgages

  • Foundation Home Loans

  • Masthaven

  • Pepper Homeloans BTL

  • Together BTL

  • Birmingham Midshires

  • Harpenden Building Society

  • Metro Bank

  • Platform

  • Together Commercial

  • Bridgebank Capital

  • Hinkley and Rugby BS

  • Metro Bank Commercial

  • Precise Mortgages BTL

  • UBS

  • Buckinghamshire Building Society

  • HSBC Commercial

  • Mint Bridging

  • Precise Mortgages Bridge

  • United Trust Bank

  • Cambridge and Counties Bank

  • ICICI Bank

  • Monmouthshire Building Society

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