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

OPDA urges property agents to help shape smart data framework

Property agents are being encouraged to take part in a government-backed project aimed at...

Mortgage market outlook uncertain as demand weakens

The UK housing and mortgage market continues to face uncertain conditions as geopolitical tensions...

Mortgage rates climb back above 5% as lenders pull hundreds of deals

Average mortgage rates have moved back above 5% after lenders withdrew hundreds of products...

Industry discussion urges mortgage sector to keep focus on mental health

Mortgage professionals are being urged to maintain momentum on mental health awareness following an...

AML compliance gaps remain despite supervisory progress, says OPBAS report

Supervision of anti-money laundering standards in the legal and accountancy sectors has improved since...

Latest publication

Other news

OPDA urges property agents to help shape smart data framework

Property agents are being encouraged to take part in a government-backed project aimed at...

Mortgage market outlook uncertain as demand weakens

The UK housing and mortgage market continues to face uncertain conditions as geopolitical tensions...

Getting to know you: Tony Hall, head of business development, Saffron for Intermediaries

Name: Tony Hall Age: 55 Location: Cheltenham Firm: Saffron for Intermediaries Education: Comprehensive school education, left school at...