The Cambridge Building Society has launched three buy-to-let (BTL) expat mortgage products which will be available from Thursday.
The products include a two-year fixed rate and a two-year discounted mortgage both priced at 3.64 per cent, and a five-year fixed rate with a rate of 3.84 per cent.
It can be used to purchase a rental or holiday let property in England and Wales and has no application fees. The discounted rate product has no completion fee and the fixed rate products come with a £1,999 completion fee.
Experienced landlords with a maximum of three mortgaged rental properties will be eligible, and portfolio landlords are not eligible for this product.
Loans between £20,000 and £750,000 are available up to 75 per cent loan to value (LTV). It is available for purchase, remortgage, product switch and further advance.
On the holiday let side, loans are available up to £500,000 and include Airbnb properties as well as borrowers who live in the property for a maximum of 90 days a year.
The Cambridge’s product manager Dan Barker said: “I am delighted we have been able to re-enter the expat buy to let market this year, as it’s been on the ‘to do’ list for a while now.
“These products offer competitive rates, and increased choice, as well as the opportunity to add completion fees to the loan. And as we assess all applications on a case-by-case basis, we can offer as much flexibility as possible.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
