RBS and NatWest pulling out of expat mortgage market
RBS and NatWest will stop offering mortgages to British ex-pats living and working overseas from Thursday 19 May.
Applications will still be considered for serving members of the Royal Navy, Royal Marines, British Army and Royal Air Force. UK Diplomats or UK Consular may also still qualify.
Aaron Strutt, product manager at Trinity Financial, says: “This is a blow because RBS and NatWest offer expats such incredibly cheap mortgages.
“More banks and building societies are offering expat mortgages but they can be very selective about who they lend to and the rates are generally more expensive.”
Trinity Financial can still secure foreign currency mortgages through NatWest, providing applicants reside in the UK.
To secure an expat or foreign income mortgage, call Trinity on 020 7016 0790
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