National Counties offering expat buy-to-let mortgages

by Aaron Strutt

Jul 01 2014

National Counties Building Society is offering expat buy-to-let mortgages to UK nationals living and working overseas, although applicants will need to put down a 40% deposit.

In order to qualify for one of their expat buy-to-let mortgages applicants will need to borrow a minimum of £150,000 and provide satisfactory evidence of identity, proof of income and they must hold a UK bank account. 

Borrowers must also have another UK mortgage so they can establish a mortgage track record. The Epsom based building society may also require a letting agent to be in place and a family memberor solicitor to be nominated as their UK contact.

National Counties is offering a decent 3.69% two-year fixed rate and the APR is 5.3%. After the fixed period the mortgage reverts to the lenders standard variable rate, which is currently 5.54%. It has a £720 arrangement fee and borrowers will need a 40% deposit.

If you would like help to secure an expat mortgage, call Trinity Financial on 020 7016 0790 or complete our enquiry form and we will call you back.