The Saffron Building Society has reduced rates and fees and extended terms to its range of expat mortgages.
It said the move was in response to feedback from intermediaries.
Fixed rate fees have been reduced from 2.5% to 1%, and discounted rate fees reduced from 2.5% to a fixed fee of £1,299.
New rates are as follows:
- 3.17% fixed until 31/3/2025, 55% LTV
- 3.47% fixed until 30/3/2025, 75% LTV
- 2.74% (SVR-2.9%) discount for two years, 55% LTV
- 2.94% (SVR-2.7%) discount for two years, 75% LTV
Mortgage offers will be considered for expats residing in any location around the world, including popular destinations such as Australia, New Zealand and the USA (unlike many other lenders).
Each application is also individually assessed by a skilled underwriter to enable increased eligibility and a positive outcome wherever possible.
Anita Arch, head of mortgage sales at Saffron Building Society, said: “As a specialist mortgage provider we are delighted to bring this range of improved expat buy-to-let mortgages to the broker market, which is what our intermediaries have been asking for.
“Investment opportunities for those living abroad can be limited, this latest option for landlords opens more doors to maximise income.”
