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

Prime London prices fall 7% as buyers hold back

Prime London house prices fell by 7% year-on-year in August as uncertainty over borrowing...

Leasehold valuation reform: the consultation is asking only half the question

The Government's consultation on leasehold enfranchisement valuation rates is important because it will help...

UK rate hike risk grows after Fed raises rates

The prospect of UK interest rates rising again is moving back onto the agenda...

Novus launches mortgage simulator to tackle completion delays

Novus Strategy has launched a mortgage journey simulator designed to allow lenders to test...

L&G Mortgage Club adds estate agency referral service

L&G Mortgage Club has partnered with GOTO Estate Agency to launch a referral service...

Latest publication

Other news

Prime London prices fall 7% as buyers hold back

Prime London house prices fell by 7% year-on-year in August as uncertainty over borrowing...

Leasehold valuation reform: the consultation is asking only half the question

The Government's consultation on leasehold enfranchisement valuation rates is important because it will help...

UK rate hike risk grows after Fed raises rates

The prospect of UK interest rates rising again is moving back onto the agenda...