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

Advice boosts women’s confidence in long-term financial planning

Women are more likely to manage household finances than longer-term wealth decisions, although financial...

More questions now surround the home moving digital journey

The Ministry of Housing, Communities and Local Government (MHCLG) has published its highly anticipated...

Mortgage rates have surged since Brexit vote, says L&C

The cost of borrowing has risen sharply in the decade since the UK voted...

Accord trims rates across residential and buy-to-let ranges

Accord Mortgages is reducing rates across its residential and buy-to-let product ranges for the...

RAW Capital Partners records strongest month for lending completions

Specialist lender RAW Capital Partners achieved a record month for loan completions in May,...

Latest publication

Other news

Advice boosts women’s confidence in long-term financial planning

Women are more likely to manage household finances than longer-term wealth decisions, although financial...

More questions now surround the home moving digital journey

The Ministry of Housing, Communities and Local Government (MHCLG) has published its highly anticipated...

Mortgage rates have surged since Brexit vote, says L&C

The cost of borrowing has risen sharply in the decade since the UK voted...