Hanley Economic Building Society has added a variable discount expat product and a two-year fixed-rate remortgage-only deal to its BTL range, both available at 80% LTV.
The variable discount expat BTL mortgage is available for purchase and remortgage purposes, and has an initial pay rate of 5.89%.
The option comes with a free valuation and is subject to a non-refundable application fee of £299 and a £700 arrangement fee, deducted from loan amount on completion.
Meanwhile, the two-year fixed-rate remortgage-only BTL product is priced at 5.35%, and includes a free valuation and a £700 arrangement fee, deducted from the loan amount on completion.
Both products are available on an interest-only basis and offer loans between £30,000 and £500,000.
They are available through the Hanley Economic Building Society branch network and selected intermediary channels.
David Lownds, head of products and marketing at Hanley Economic Building Society, commented: “We fully appreciate that the BTL lending landscape remains challenging for sections of the landlord community, but it will also continue to provide a wealth of opportunities along the way, provided they have access to a range of options which can help meet their ever-shifting needs.
“Our expat offering was first introduced back in 2020 following substantial due diligence and extensive intermediary feedback and, with UK investment opportunities proving to be increasingly attractive, we hope this new offering will prove to be a popular option in what is a somewhat underserved area of the BTL market.”
