Expat Buy-to-Let

Our Expat products are available for UK nationals residing abroad who wish to purchase or re-mortgage a property in the UK.

Available to First-Time-Landlords & First-Time-Buyers
All documentation not in English will need to be translated by a qualified translator - e.g Bank statements, payslips and proof of address documents.
Regulated buy to let applications are accepted if the applicant has Sterling income, please note that regulated BTL mortgages are based on affordability. We will not include rental received on this property towards the affordability calculation. (An application would be a regulated BTL if at some point, either now or in the future, you or an immediate family member will occupy the premises or be a tenant).
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. Please note this is a requirement of an offer and we will not proceed to completion without this.

5 Year Fixed Rate - 140% of pay rate
2 Year Fixed Rate and Variable rates: Rental cover 140% of either pay rate +2% or 5.5% whichever is higher
Rental Cover on debt for debt remortgage cases 125% of pay rate
Fees can be added to the loan for debt for debt remortgages
Property must be let on an AST
Rental assessment is based on occupation by 1 family on an unfurnished let
No HMOs or Limited Companies
Maximum Portfolio with Saffron of £3,000,000 (no external exposure limit)
Interest only or repayment
Minimum income £25,000. At least one applicant must meet the minimum income requirement.
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. This is to be arranged prior to the application of the mortgage
Maximum loan size £3,000,000.
Loans over this are priced on a bespoke basis and have restricted LTVs
For portfolio landlords the maximum LTV INCLUDING fees is 75%
The applicant must have been overseas for at least 3 months
The applicant must be a British Passport holder or have permanent rights to remain

(The definition of an immediate family member includes: parents, grandparents, child, grandchild, brother or sister.)