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3mc launches new expat buy-to-let deal

3mc has launched a new buy-to-let mortgage deal designed for use by British expats, which is funded by Aldermore Bank.

Borrowing rates start from 4.18% up to 75% loan-to-value (LTV) for those looking to purchase or remortgage, with no personal income requirements except for first-time landlords. 

Lending is available to individual residential investment units, HMOs up to six bedrooms and multi-units of up to four units on a single freehold title.

The deal is available to all intermediaries and through 3mc’s network partners The Right Mortgage and Protection Network, Sesame, Stonebridge Network, Home Loan Partnership and to directly authorised members of the PMS Mortgage Club.

Doug Hall, director of 3mc, said: “Investing in UK rental property continues to hold considerable appeal for British expats living abroad and this exclusive deal has been designed to cater for their needs.

“Individual expats can purchase a wide range of rental properties including HMOs and multi-units on a single title, with a choice of fixed and variable rate deals starting from just 4.18%.”

Charles McDowell, commercial director at Aldermore, added: “We’re delighted to offer this exclusive deal via 3mc, who I know will provide brokers and their clients with a high quality service. Full product details are available via the 3mc website.”

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