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

Mansfield launches fixed rates running to September 2031

Mansfield Building Society has launched three mortgage products fixed until 30 September 2031, aimed...

OSB Group promotes Hollands to lead intermediary sales and distribution

OSB Group has promoted Emily Hollands to group head of intermediary sales and distribution...

First-time buyers overestimate deposit needed to buy

Many first-time buyers may be delaying home ownership because they misunderstand the deposit needed...

L&G protection claims top £1.38bn in 2025

L&G paid more than £1.388 billion across more than 26,000 retail protection and group...

Pepper Money posts record month as second charge lending continues to surge

Pepper Money recorded its strongest ever month for second charge mortgages in March, as...

Latest publication

Other news

Mansfield launches fixed rates running to September 2031

Mansfield Building Society has launched three mortgage products fixed until 30 September 2031, aimed...

OSB Group promotes Hollands to lead intermediary sales and distribution

OSB Group has promoted Emily Hollands to group head of intermediary sales and distribution...

First-time buyers overestimate deposit needed to buy

Many first-time buyers may be delaying home ownership because they misunderstand the deposit needed...