OneSavings Bank launches new expat buy-to-let mortgage range
OneSavings Bank has launched an improved range of expat buy-to-let mortgages.
The expat mortgages are available through OneSavings Bank’s brands Kent Reliance and Interbay Commercial.
Kent Reliance says it is has seen an increase in the number of expat mortgage applications it processes and it is aiming to boost lending by simplifying its submission process.
The lender has two expat categories, standard and specialist. Expat standard includes lending to individuals on standard flats and houses, and specialist includes lending to limited companies, HMO’s and student lets.
Aaron Strutt, product director at Trinity Financial, says: “Kent Reliance has dropped the requirement for applicants to either be a professional or buying in London or the south-east. It will also lend to Australian expats providing the property is held in a limited company.
“Landlords will need a 25% deposit to qualify for their discounted variable or fixed rates, and they have 2 per cent arrangement fees.”
Call Trinity Financial on 020 7016 0790 to secure an expat buy-to-let mortgage