Kent Reliance offering expats in Australia buy-to-let mortgages
Kent Reliance for Intermediaries is offering expats living and working in Australia buy-to-let mortgages.
In order to qualify for their expat buy-to-let mortgage, applicants will need to own at least one property in the UK and earn a minimum verifiable income of £25,000.
The lenders lowest buy-to-let expat mortgage is priced at 4.79% and it has a two-year 1.79% discount from their 6.58% standard variable rate.
Borrowers will require a 25% deposit and there is a 2% arrangement fee for standard clients. The overall cost for comparison is 6.8% APR.
Aaron Strutt, product manager at Trinity Financial, says: “Not all of the expat buy-to-let lenders are keen to offer mortgages if borrowers live in Australia because of complications over banking regulations.
“Kent Reliance’s expat proposition is geared towards professionals who are employed in a senior position by a UK, EU or US based company particularly if they are looking to purchase property in London or the south-east.
“We have access to a couple of mortgage lenders willing to help expats in Australia but they can be quite selective about who they will lend to.”
The mortgage is available to a minimum of £125,000 and a maximum of £1,000,000. Also, early repayment charges apply for the first two-years.
If you would like help to secure an expat mortgage, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
