Here are the latest updates from the Suffolk Building Society. These products are available via our direct to lender mortgage club which offers you payment on completion as well as specialist mortgage support and more. Click here for a full list of Suffolk products.
We’ve got expat mortgages… down pat!
According to the latest figures available from the Office of National Statistics, around 90,000 Brits emigrate long-term from the UK every year. Many of this group will want, or need, to keep a foothold in the UK’s property market.
Here are SIX reasons to trust us with your trickiest expat cases and clients:
1. Currencies – for BTL we’ll accept most currencies. For resi and regulated BTL, there are 16 currencies we’ll accept including the Hong Kong Dollar, Saudi Riyal and the Euro
2. LTVs – We’ll lend up to 80%
3. Incomes – Can consider up to 5.49x income if one applicant earns £100,000+ (pre-haircut) – there is no haircut if income is paid in sterling
4. First time buyers considered
5. Expat Holiday Lets – another of our specialties. Keep a foothold in the UK while receiving rental income, and we allow 60 days of personal use a year
6. Manual underwriting comes as standard. So if we need to look at a tricky property, multiple sources of income, or anything else unusual, it’s not a drama.