Well, now there is a third – Kent Reliance is offering a buy-to-let mortgage for people temporarily living overseas. The new product will help them to work abroad while keeping their investment in UK property.
The mortgage comes with a 4.49% rate for two years and is applicable to buy-to-let properties. The loan-to-value runs up to 75%, available for amounts between £125,000–£1.5m. The arrangement fee is 2%.
There is an increasing need for mortgages for expats and the commitment from Kent Reliance has seen a 50% increase in the market.
Talk to us at Limetree if this mortgage might work for you. No matter how challenging you think your mortgage requirements are, Limetree Financial Services will guide you through all the options.