Notices

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Mortgage payment difficulties? We may be able to help. Find out more

We're here to help if you're experiencing or expect to experience difficulties in paying your mortgage. Find out more.

7.39% Expat 1.80% Discounted Rate from follow on rate for 2 years (XD0206)

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Initial interest rate	Current follow on rate	Overall cost for comparison	Repayment or Interest-Only?	Max % Loan to Value (LTV)	Product fees	Additional benefits
7.39% Expat 1.80% Discounted Rate from follow on rate for 2 years (XD0206)
7.39%	9.19%	9.4%APRC	Interest-Only	60%	£999~

Key things to bear in mind

Purpose - Expat purchase, remortgage, product switch and further advance
Discount - 1.80% applied to our Residential Investment Managed Mortgage Rate for 2 years
Minimum rate - 4.74%
Loan to Value - Maximum 60%
Application fee - £175 + Valuation Fee for purchase and remortgage. (£125 for further advance, £0 for product switch)
Valuation Fees (Purchase and Remortgage) - Full standard valuation fee scale applies.
Valuation Fees (Multi Unit Freehold Blocks) - A separate valuation fee scale will apply for this property type. For purchase and remortgage applications, the full Multi-Unit Freehold Block valuation fee scale will apply.
^~Product fee - £999 for loans up to £500,000. For loans above £500,000 0.4% of the loan amount. (£0 for further advance, £0 for product switch)
Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application.
Minimum loan - £100,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
Early Repayment Charges - 2% in the first year and 1% in the second year
Cost for comparison - 9.4% APRC
Additional information:
Please refer to our lending criteria for a full list of countries currently considered for expat applications.

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More downloads & what you'll need to apply

More mortgage downloads

Identification

We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.

For Expat clients we also require:

Certified copy of UK Passport
Certified Proof of address (Utility Bill, Bank Statement, Credit card Statement, Driving Licence)
A certified copy of any ID card for the applicant’s country of residence if one is issued, and a resident’s permit / Visa
Employers reference / Accountants reference to confirm current physical address.

Bank statements

BTL applicants are normally required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission.

Proof of income

A copy of the existing / proposed tenancy agreement.

Other items

Applicants are required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission.

Tenancy agreement

For remortgages, a copy of the existing / proposed tenancy agreement.

Background BTLs

Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this).

Evidence of deposit for purchases

Evidence of deposit in a UK account held by the applicant(s)
For gifted deposits, we require a signed gift letter from the giftor plus evidence of funds in a UK account and the giftors details (names, date of births, relationship to applicants).

Expat applications

Applicants are required to provide a UK contact where the Society is able to serve notice regarding the mortgage. This can be a UK Solicitor or close family member in the UK.

Applicants with four or more mortgaged Buy to Let properties