The Cambridge re-enters expat buy-to-let market

Cambridge Building Society has re-introduced three buy-to-let mortgage products.

Related topics:  Mortgages
Rozi Jones
8th March 2022
Cambridge Building Society
"I am delighted we have been able to re-enter the expat buy-to-let market this year, as it’s been on the ‘to do’ list for a while now."

The range includes a two-year fixed rate, a two-year discounted mortgage at 3.64%, and a five-year fixed rate at 3.84%, all with no application fees.

There is no completion fee on the two-year discounted product and £1,999 completion fees on the fixed rate products.

The products are available for experienced landlords who have a maximum of three mortgaged rental properties and who are not deemed portfolio landlords.

Loans can be considered up to 75% LTV, between £20,000 and £750,000 and are available for purchases, remortgages, product switches and further advances.

Holiday lets are available up to £500,000, including Airbnb properties and for borrowers who occupy the property for up to a maximum of 90 days a year.

The Cambridge’s product manager, Dan Barker, said: “I am delighted we have been able to re-enter the expat buy-to-let market this year, as it’s been on the ‘to do’ list for a while now.

“These products offer competitive rates, and increased choice, as well as the opportunity to add completion fees to the loan. And as we assess all applications on a case by case basis, we can offer as much flexibility as possible.”

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