Marsden Building Society has made a series of changes to its expat mortgage criteria, including additional support for expats returning to the UK.

The Society’s new criteria updates have been made to Expat Residential and Expat Buy to Let ranges, including:

• Expats returning to the UK are now eligible for Expat Residential solutions, whether they’re with the same employer or have a new contract in the same field with a future start date;
• Professional sports persons accepted for up to 80% LTV on Expat Residential, with a maximum retirement age of 40 at the end of the mortgage term, unless adequate investment or post-retirement income can be determined;
• Second homes for immediate family or personal holiday use have been added to the list of acceptable properties across each of the Marsden’s mortgage ranges up to 75% LTV;
• Attached or detached annexes are accepted across all mortgage ranges, providing the main residence is for personal use;
• Income multiples increased from 4.5x to 5.5x for sole applicants earning over £75,000 or £100,000 for joint applicants, subject to affordability;
• Properties with up to 30 acres are now accepted, up to 80% LTV, providing there’s no commercial usage or agricultural tenancies or ties.

Donna Barclay, head of mortgages at Marsden Building Society, said: “As a specialist lender, it’s important that we review our lending policies regularly to ensure they meet the evolving needs of our expat borrowers.

“These latest updates aim to provide better support and flexibility for brokers and their expat clients, further reflecting our commitment to personalised lending solutions.”