Complex Buy To Let
Vida Homeloans offers expat buy-to-let mortgages
Specialist mortgage lender Vida Homeloans has launched an expat buy-to-let mortgage range, up to a maximum of 75% loan-to-value.
Rates are available from 3.89% on a two-year tracker and 3.99% fixed for two years.
The Vida Expat range is targeted at existing UK property owners living abroad who wish to invest in UK buy-to-let property. Maximum loan sizes are £1m for existing UK landlords and £500,000 for first-time landlords.
There is no minimum income requirement or employment restrictions. Applicants can be retired.
Capital raising
Vida allows capital raising remortgages for any purpose and will lend on Houses in Multiple Occupation up to eight bedrooms and Multi Unit Buildings up to five units. Applicants can reside in any country worldwide as long as it is a Financial Action Task Force (FATF) member country.
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The range was designed with the help of broker and network partners.
Louisa Sedgwick (pictured), director of sales – mortgages at Vida Homeloans, said: “We listen to our distribution partners and our new Vida Expat proposition is the latest evidence of our partnership approach to product design.
“We continue to commit to offer intermediaries innovation and flexibility in securing the best mortgage deal for their client’s needs.”