Buckinghamshire Building Society has increased the maximum LTV on its expat buy-to-let products from 75% to 80%, while also launching two new fixed rate options for both personal and limited company applicants.
The new two-year fixed rates include an 'Everyday' product at 5.79% and a limited company rate of 5.89%.
In addition to the LTV increase and new product launches, the Society has also recently enhanced its property criteria.
It will now consider flats and apartments in blocks of up to 10 storeys, increased from the previous limit of six storeys, broadening the scope for landlords targeting city-centre and higher-density locations.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “Expat landlords are a key part of the UK investment landscape, but they don’t always fit neatly into high street criteria – particularly when it comes to higher LTVs. By increasing our maximum LTV to 80% and expanding our appetite for flats in taller blocks, we’re giving brokers more scope to place cases that might otherwise stall.
“As always, we take a common-sense, case-by-case approach. Our manual underwriting means we can look beyond the headline details and work with brokers to find solutions that are right for their clients.”
