Arranging a buy to let remortgage for expats can be a complicated process. As an expatriate, it can be difficult to arrange finance for your property—if you live abroad, practical considerations mean you’re unlikely to be able to walk into an appointment at a high street bank.
Furthermore, whilst many lenders offer buy to let remortgage products, only some of these will consider lending to UK expats, and this is often reflected in a higher interest rate.
However, this doesn’t mean you should be limited to expensive mortgage products. With the right contacts, it is possible to source a buy to let remortgage for expats that doesn’t break the bank in terms of the interest rate. Enness is currently working with a lender who has launched a new, targeted range of mortgage products for UK expats.
Accordingly, this week’s product of the week is a 5-year fixed rate product suitable for expats looking to remortgage their property in the UK.
Available up to 75% loan to value (LTV), this product offers a fantastic rate of 3.99% for minimum loan sizes of £300,000. This product can be used for either a like-for-like remortgage or to release equity on your buy to let property.
- 5-year fixed rate
- 3.99% interest rate
- Tailored buy to let remortgage for expats product
As this product is specifically targeted at expats who own buy to let property in the UK, you can rest assured this lender has a thorough understanding of the expat market.
I have an excellent relationship with this lender and extensive knowledge of the expat mortgage market; if you are looking to refinance your buy to let property, I would be very happy to discuss your circumstances and advise you further.
This product has a fixed £999 application fee, which includes a single valuation and lender legal costs.