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

What the agents say: 2026 housing market predictions

Next year should be a year of steady progress for the housing market. After...

Budget uncertainty deepened November slowdown in housing market

The latest RICS UK Residential Market Survey shows that the Autumn Budget did little...

West One strengthens mortgage division with trio of senior hires

West One Loans has expanded its mortgage division with three appointments as the lender...

Suros Capital lends £105,000 against luxury watches to support Spanish development

Suros Capital has provided a £105,000 loan to a property developer after agreeing secured...

Homebuyers continue to rely on brokers despite rise of digital tools

Santander has reported that mortgage brokers remain central to the homebuying process, with new...

Latest publication

Other news

What the agents say: 2026 housing market predictions

Next year should be a year of steady progress for the housing market. After...

Budget uncertainty deepened November slowdown in housing market

The latest RICS UK Residential Market Survey shows that the Autumn Budget did little...

West One strengthens mortgage division with trio of senior hires

West One Loans has expanded its mortgage division with three appointments as the lender...