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Expat Buy to Let.

If you’re an expatriate, UK property owner and you’d like to rent it out or you’re buying one as an investment, we’ll help you get the right British 'buy-to-let' expat mortgage for your particular situation.

Buy to let mortgages have become more and more popular in recent years as house prices have increased, along with the demand for rental properties and lower interest rates. For an expatriate they can prove to be a valuable investment and valuable source of income.

When you take out a British 'buy-to-let' mortgage, most lenders won't simply take your salary into account, but also the potential rental income you’re likely to get from the property.

We’ll clearly explain everything you need to know about British buy to let mortgages and help you through each stage.

Please be aware that we will be asking for the relevant documents as outlined below:

The supporting documents required under UK government money laundering regulations for EACH APPLICANT with a fully completed and signed application form are as follows:

  1. A certified copy of the relevant page of your passport.
  2. An original (or certified copy) of a utility bill of no more than 3 months old and addressed to the applicant(s) at their overseas address OR a letter from their employer(s) confirming overseas residential address for all applicants.
  3. The last 3 months bank statements (preferably a Pounds Sterling account) - one original page - for all applicants.
  4. Your last annual mortgage statement
  5. A copy of your tenancy agreement or rental assessment.
  6. Application fee/valuation fee.

Whilst credit scoring is not attempted, there will be a standard credit check by the lender on any recent UK address.

IMPORTANT NOTE: The Financial Services Authority (FSA) regulate UK mortgages.

BritishMortgages.co.uk is a domain name for website use of ADS Mortgage & Financial Planning Ltd, which is an Appointed Representative of Personal Touch Financial Services Ltd and which is authorised and regulated by the Financial Services Authority.

Buy to Let mortgages, which most of our clients effect, are not subject to the UK regulatory regime.

 

 
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  •  

    Self-Employed plumber living in Australia bought £325,000 property with a £200,000 mortgage – property to be rented out with the lenders permission until purchaser returns to the UK at retirement.

  •  

    Mr & Mrs H
    Living & working in Brazil (out of UK for more than 5yrs) paid in Brazilian Real
    Accountant
    Purchase £ 1,055,000 mortgage £700k
    Fixed rate 3.5% for 2 years

  •  

    Mrs C
    Living & working USA (out of UK nearly 2 years) paid in US$
    Manager
    Remortgage property value£430k & mortgage £250k (capital raising £69k to purchase another property)
    Fixed rate for 2 years 4.09%

  •  

    Miss G
    Living & working in UAE (out of UK more than 5 yrs) paid in UAE AED
    Teacher
    Purchase £75k & mortgage £56.25K
    Fixed rate for 2 yrs 4.69%

  •  

    Magazine editor living and working in New York borrowed £600,000 on £950,000 property for future residence – property let out with lenders approval

  •  

    Geologist living and working in Australia, looking to return home.  Buying at £265,000 but needed a very quick turnaround.  Loan of £165,000 offered in 12 days and completed in 19 days. Client was looking to buy a UK property prior to selling their Australian Home.

  •  

    European Union employee residing and working in Brussels bought on normal residential scheme with permission to let for 5 years from lender at 75% loan to value.

  •  

    Airline pilot and partner, working in Abu Dhabi, looking to buy in the UK, initially to rent out, with a long term aim of returning to live in the property,  mortgage arranged at 75% loan to value at a very competitive residential interest rate, with permission to let for three years arranged with the lender.

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