"There are an estimated 5.5 million expats living overseas with an increasing number looking to start or add to their buy-to-let portfolio in the UK."
The Tipton is offering two fixed and two discount products for purchase and remortgaging, with a maximum loan size of £500,000 up to 70% LTV.
The mortgages are available to first-time, self-employed and experienced landlords (defined as someone who currently holds, or has held at least one buy-to-let property within the last 12 months).
Landlords must hold a UK bank account and have a minimum income of £20,000 per annum or the equivalent in foreign currency income.
The ICR calculation for experienced landlords is 125% for basic and 130% for higher rate taxpayers, stressed at 5.5% or pay rate on the Society's five-year fixed rate.
The ICR for first-time landlords has been set at 140% and 145% respectively.
Cammy Amaira, director of sales and marketing, said: “There are an estimated 5.5 million expats living overseas with an increasing number looking to start or add to their buy-to-let portfolio in the UK.
"After consulting with our intermediary network and customers, we have developed a range of buy-to-let products to meet the needs of both first-time and experienced landlords with a competitive set of stress rates.”
