The Ipswich Building Society has refreshed its expat residential and buy-to-let products and extended the availability of its full expat range.

Previously only available to a selected range of brokers, the mutual’s products are available to mortgage intermediaries in its heartland area plus selected networks and clubs.

The expat range, which is designed to accommodate UK nationals temporarily working abroad, is for those wanting to purchase or remortgage a residential or buy-to-let property in the UK.

The expat residential product has been refreshed from 75% to 90% maximum loan to value, which is available to applicants paid in GBP only. This product is designed for UK nationals working abroad who wish to purchase or remortgage a property where either they or their families will live.

The society can now ‘top slice’ when assessing affordability, meaning it will use the applicant’s GBP personal income to ‘top up’ any shortfall for those who do not meet rental cover requirements.

Richard Norrington, Ipswich Building Society CEO, said: “I am delighted that we are extending the reach of our expat mortgages to intermediaries in our heartland area, and our existing networks and clubs. This increases accessibility for the growing number of employed Britons living abroad who are looking to purchase or remortgage a property in the UK.

“Our ability to top-slice on discount rate products will give applicants who are unable to meet rental cover requirements the opportunity to purchase or remortgage their desired property within the UK. This helps us further support those mortgage misfits who are finding it difficult to access the mortgage market.”