LendInvest Mortgages, a leading mortgage platform, has made a significant move into the expat buy-to-let (BTL) market, introducing a new product tailored specifically for expatriate landlords.
This expansion marks a notable step in LendInvest’s mission to simplify mortgage processes and cater to a diverse range of customers.
Key features of the new expat BTL mortgage product include:
- Loan-to-Value (LTV) up to 75%
- Available for standard properties, Houses in Multiple Occupation (HMOs), and Multi-Unit Freehold Blocks (MUFBs)
- Minimum employment income requirement of £50,000
- Tailored exclusively for experienced landlords
- Available to limited companies, Special Purpose Vehicles (SPVs), and Limited Liability Partnerships
This new offering aims to provide expat landlords with greater flexibility and competitive terms, addressing the unique challenges faced by property investors living abroad.
This move into the expat BTL market comes alongside a general reduction in LendInvest’s BTL rates, with some products now starting below 4%. While this rate reduction applies to their broader BTL range, it indicates a competitive environment that could benefit expat borrowers as well.
For expats looking to invest in UK property while living abroad, LendInvest’s new offering represents an additional option in a market that has seen increased attention from lenders in recent months.
For a comparison of all the best options on the market for expats, speak to an expert at UK Expat Mortgage today.