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

Just Wealth posts 63% rise in assets under management as referrals grow

Just Wealth, the financial advice arm of Just Mortgages, said assets under management rose...

Growing demand for faster, more supportive broker service among first-time buyers

First-time buyers are leaning heavily on brokers for speed, reassurance and help navigating affordability...

Middle East conflict clouds mortgage rate outlook and Autumn Budget decisions

Energy market volatility has driven borrowing costs higher in recent weeks, forcing mortgage lenders...

Clydesdale Bank to raise selected residential and buy-to-let rates

Clydesdale Bank will increase a range of residential and buy-to-let fixed rates from Friday...

Virgin Money to raise selected mortgage and buy-to-let rates

Virgin Money is increasing a range of residential, remortgage, buy-to-let and product transfer rates...

Latest publication

Other news

Q&A: Anne-Marie Lister, Rebecca Hurdiss, Michelle Boylan & Manasi Nayyar, GB Bank

Mortgage Soup fires the questions at Anne-Marie Lister - chief operations & people officer...

Just Wealth posts 63% rise in assets under management as referrals grow

Just Wealth, the financial advice arm of Just Mortgages, said assets under management rose...

Growing demand for faster, more supportive broker service among first-time buyers

First-time buyers are leaning heavily on brokers for speed, reassurance and help navigating affordability...