By using this website, you agree to our use of cookies to enhance your experience.


New expat range launched by Cambridge Building Society

Cambridge Building Society has unveiled a new range of expat mortgage products for landlords looking to acquire or remortgage a buy-to-let property in the UK whilst living overseas.

The new buy-to-let products, which are available to those looking to borrow up to 75% loan-to-value (LTV), includes a five-year fixed rate deal at 3.49% and a two-year fixed rate product at 2.89%.

For the five-year product, applicants will be assessed using a stress rate of 4.99%, with rental coverage of 140%, which drops to 125% on like for like remortgages.


Both two- and five-year products have an applicant fee of £499 and a completion fee of £1,500.

The products can be combined with other criteria from the lender’s BTL range, including a maximum loan amount of £750,000.

Tracy Simpson, head of lending at Cambridge Building Society, said: “This new range of products demonstrates a commitment to this type of borrower and how we continue to invest in our BTL offering.

“Landlords who are based abroad often have a specific set of circumstances and our manual underwriting approach allows these to be taken into consideration.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.


Please login to comment

MovePal MovePal MovePal
sign up