The Cambridge Building Society has re-entered the expat BTL mortgage market with a two-year discounted option and a five-year fixed-rate product, both available at 75% LTV.
The discounted rate product offers loans between £75,000 and £750,000, priced at an initial rate of 4.89% with no ERCs.
Meanwhile, the five-year fixed-rate option offers loans up to £750,000 (minimum loan size of £75,000) at a rate of 6.09%.
The minimum employed income requirement for both products is £25,000.
Applicants must have a UK bank account and a UK correspondence address to qualify for a mortgage from the lender.
All unsanctioned countries and currencies will be considered, at the society’s underwriters’ discretion.
Kathy Bowes, intermediary manager at The Cambridge Building Society, said: “We are delighted to introduce these products into the expat mortgage market.
“There are few lenders offering mortgages to this group, so we want to ensure we are here to help and to make products available to a broad range of customers.”
