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.

Eligibility and applicant criteria

Available to First-Time-Landlords & First-Time-Buyers
The applicant must be a British Passport holder or have permanent rights to remain
Regulated buy to let applications are accepted if the applicant has Sterling income.
Maximum Portfolio with Saffron of £3,000,000 (no external exposure limit)
All documentation not in English will need to be translated by a qualified translator - e.g Bank statements, payslips and proof of address documents.
No country restrictions – subject to list of sanctioned countries. 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.

Loan, Fee and product details

Fees can be added to the loan for debt for debt remortgages
Interest only or repayment
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%

Property requirements

Affordability and income criteria

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
For unexperienced landlords, at least one applicant must meet the minimum income requirement of £25,000 and a minimum of 12 months landlord experience
No minimum income for experienced landlords - with a minimum of 12 months experience
Regulated buy to let mortgages are based on affordability. We will not include rental received on this property towards the affordability calculation.