Foundation Home Loans has unveiled a new buy-to-let (BTL) product range exclusively for expat landlords.

The specialist lender’s expat proposition will be available to non-SPV individual landlords who are UK nationals living as expats worldwide, as well as limited company borrowers.

Products will be available for standard BTLs, short-term lets, HMOs and green options, all available up to 75% LTV for both purchases and remortgage, with rates starting from 3.24%.

Foundation confirmed that its range will be available to UK Nationals living as expats from over 60 countries worldwide as well as to those based in the EU, EEA and Switzerland. The lender said it can consider applicants that are employed and also those in retirement.

“Now individual expat landlords can secure finance, as well as limited company borrowers, and we have new products available for those purchasing or remortgaging green, short-term lets and HMO properties,” said Foundation managing director, George Gee.

“We’ve also cut our fee levels and looked at our criteria and underwriting around Expat mortgages seeking to simplify and remove some of the administration burden for advisers and their Expat clients.

“Investment in UK property remains an attractive option for many Expats and this new range and criteria opens up the type of investment they can purchase and refinance, and the means by which they can do this.”

Share Story: