Expat Residential

Available to expats returning to the UK or where direct family (spouse and own children) remains in the property

Key points for our Expat Residential products:

• Minimum age 21
• Repayment or Interest Only
• Interest only to 70% max LTV and subject to an acceptable repayment strategy
• Max LTV 90%
• Minimum Loan Size: £100,000
• Maximum Loan Size: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV

 

Eligibility Criteria

• Available to expats returning to the UK or where direct family (spouse and own children) remains in the property
• Only income received in GBP Sterling accepted.
• UK Bank Account required.
• Single Tax Residency only
• Property must not be unoccupied (i.e. either direct family must occupy, or applicant must have returned to the UK prior to completion)
• All documentation not in English will need to be translated by a qualified translator
• If the property will be occupied by a non-borrowing family member, 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.
• The applicant must be a British Passport holder or have permanent rights to remain
• Available to employed applicants, Self Employed applicants with a 2-year trading history and contractors with 2 years’ continuous contracting history
• Members of the Armed Forces serving abroad are eligible for our standard residential range.
• Please note that all Expat Residential cases will refer at DIP, to allow our Underwriters to carry out initial checks on eligibility and affordability.

Please note that the affordability calculator should not be used for non-UK Tax residents. Please contact our Intermediary Support Team on 01799 582925 in these instances.