Mansfield Building Society has extended its buy-to-let offering for expatriates to include applicants currently residing in European Union member states.
The change marks an expansion of the society’s existing expat buy-to-let proposition, which already caters to properties located in England, Wales and Scotland, subject to postcode restrictions.
The revised criteria also apply to Mansfield’s consumer buy-to-let and holiday let products, although limited company lending remains restricted to properties in England and Wales.
Tom Denman-Molloy, intermediary sales manager at Mansfield Building Society, said the move underlined the lender’s flexible approach to non-standard cases.
“We’re thrilled to be expanding our buy-to-let lending criteria for Expats to allow for those currently living in EU Member states. This is an addition to our already expansive buy-to-let criteria,” he said.
“Brokers working with buy-to-let cases should feel assured they can find a lender with a ‘can-do’ attitude for quirky cases.”
The society continues to focus on manual underwriting and a case-by-case approach, which it says allows it to consider a wider range of borrower circumstances than many high street lenders.
