Vida broadens buy-to-let expat criteria

Published on

Vida Homeloans has widened its buy-to-let expat criteria and will now lend to existing UK property owners working in FATF member countries around the world.

These include Australia, America and Canada (www.fatf-gafi.org/countries/#FATF).

The range is available up to 65% loan to value (LTV) outside the EEA (up to 75% LTV inside the EEA) and the maximum loan size is £1 million.

First time landlords, Houses in Multiple Occupation and Multi Unit Blocks are all acceptable.

In addition, spouses who are non-British citizens can be party to the mortgage and no minimum income is required.

Louisa Sedgwick (pictured), director of sales – mortgages, said: “We’ve been offering this extension to our buy-to-let expat range via selected key distributors over the past couple of months and we are now rolling the proposition out to the wider market in response to demand.

“Intermediaries have been telling us that our criteria-driven buy-to-let expat proposition – including niche criteria such as HMOs and MUBs and no minimum income requirements – is hard to beat.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Beyond the walk: Mortgage leaders talk mental health – part 16

The Mortgage Industry Mental Health Charter's (MIMHC) third annual 144-mile Walk & Talk challenge...

Rising unemployment raises fresh arrears concerns for lenders

The UK labour market showed further signs of weakening this morning as unemployment rose...

LHV Bank completes £22m buy-to-let portfolio deals

LHV Bank has completed two specialist buy-to-let transactions totalling about £22 million to support...

Wealthy Advisers Club launches free performance planner app

The Wealthy Advisers Club has launched a free 90-day performance planning app for mortgage...

AI will not replace brokers, says OneDome chief

Mortgage brokers will remain central to the homebuying process despite the rise of artificial...

Latest publication

Other news

Beyond the walk: Mortgage leaders talk mental health – part 16

The Mortgage Industry Mental Health Charter's (MIMHC) third annual 144-mile Walk & Talk challenge...

Rising unemployment raises fresh arrears concerns for lenders

The UK labour market showed further signs of weakening this morning as unemployment rose...

LHV Bank completes £22m buy-to-let portfolio deals

LHV Bank has completed two specialist buy-to-let transactions totalling about £22 million to support...