Tipton & Coseley launches competitively priced ex-pat buy-to-let product range
Tipton & Coseley Building Society has launched a range of ex-pat buy-to-let mortgage products.
The Tipton is offering two fixed and two discount products for first-time, self-employed and experienced landlords.
The lender defines an experienced landlord as someone who currently holds or has held at least one buy-to-let property within the last 12 months.
Aaron Strutt, product director at Trinity Financial, says: "The fixed rates are competitively priced compared to lots of the other expat deals, and the discounted rates are even better.
"All of the products have 1.25% arrangement fees and landlords must hold a UK bank account to qualify. They will also need to have a minimum income of £20,000 per annum or the equivalent in foreign currency income. The maximum loan size is £500,000 and applicants will need a 30% deposit."
Tipton's ex-pat buy-to-let products are available to expatriates residing in countries that are included in the Financial Action Task Force (FATF) approved list and the UAE (subject to individual case assessment) with the current exception of Russia.
The Tipton highlights there are an estimated 5.5 million ex-pats* living overseas with an increasing number looking to start or add to their buy-to-let portfolio in the UK.
Call Trinity Financial on 020 7016 0790 to secure an expat mortgage
*Ft.com and Electoral Commission