Good News for UK Nationals Who Are
Residents of Australia
A regional building society has extended its expat range
to accept buy-to-let and residential applications from customers living in
For buy-to-let applicants, a limited amount of funding is available for a
five-year fixed rate mortgage, priced at 3.60% up to 70% loan-to-value (LTV)
with a minimum loan balance of £200,000. A discount product is offered with a 1%
reduction off the Standard Variable Rate (SVR) which sets the interest rate-
currently at 4.49%- also available up to 70% LTV.
Its residential range for expats living in Australia includes four products.
Borrowers can choose from discount mortgages starting from 3.25%, discounted by
2% off SVR, up to 65% LTV with a 3.5% alternative for those with 30% deposit.
Fixed rates at 3.75% and 3.99% are being offered for two years and five years,
A second regional building society has returned to offering
residential products to Australian residents. Applicants must be UK passport
holders. Mortgages are offered on interest only and a suitable UK repayment
vehicle acceptable to the society put in place. Examples are sale of second
home, stocks and shares and sale of the property where there will be sufficient
funds to repay the mortgage and allow the borrowers a cheaper property to reside
in. Rates from 2.84%
Please contact International Mortgage Plans for details
Mortgage Enquiry Form
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