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

HSBC expands critical illness cover with wider NHS waiting list protection

HSBC has unveiled a series of enhancements to its critical illness policies, extending cover...

Guardian names new COO as it strengthens leadership team

Guardian has appointed Gower Wisdom as its new chief operating officer, effective 1 November,...

Nigel Robbins joins MT Finance as national account manager

MT Finance has appointed Nigel Robbins as its new national account manager and coincides...

Southern buyers gain most from easing mortgage rates and static prices

Buyers in London and the south of England are seeing the greatest improvements in...

Prime London market stalls over summer

The prime London housing market slowed over the summer, with sales volumes and achieved...

Latest publication

Other news

HSBC expands critical illness cover with wider NHS waiting list protection

HSBC has unveiled a series of enhancements to its critical illness policies, extending cover...

Guardian names new COO as it strengthens leadership team

Guardian has appointed Gower Wisdom as its new chief operating officer, effective 1 November,...

Nigel Robbins joins MT Finance as national account manager

MT Finance has appointed Nigel Robbins as its new national account manager and coincides...