Buckinghamshire Building Society has launched a new product for applicants on skilled work visas.
The two-year fixed-rate mortgage is designed for these applicants, with a maximum LTV of up to 90%.
Available immediately, this product is priced at 6.35% and can be used for both purchase and remortgage purposes.
Applicants can borrow up to £750,000 with this new mortgage.
To be eligible, applicants must have lived and worked in the UK for the past two years and be able to evidence their deposit has been saved independently, with gifted deposits not accepted.
A £999 product fee applies.
“We know there are many people contributing to the UK economy under the Skilled Worker visa scheme who are more than capable of sustaining homeownership, but have struggled to access competitive mortgage options, particularly at higher LTVs,” said Claire Askham, head of mortgage sales at Buckinghamshire Building Society (pictured above).
“This product gives those individuals a fair opportunity to buy or remortgage their home, with the personal and manual underwriting approach we’re known for.”
