It is available for purchase and remortgage against properties in England and Wales.
It has a rate of 6.49 per cent and is available up to 75 per cent loan to value (LTV).
Loan sizes range from £50,000 to £500,000 and Buckinghamshire Building Society will accept flats up to six storeys high.
Applications from Hong Kong and the EU will not be accepted.
Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said the mutual was known for its expat buy-to-let offering and expected the launch to be “well received by the broker community”.
She added: “We do things a little differently here at the Bucks. We’ll accept first-time buyers and first-time landlords on our expat products and even consider consumer buy-to-let applications for properties that the owner has previously lived in. We’re also happy to consider applications from clients without active credit in the UK, all we ask is that they have a UK bank account to receive the rental income into and make their contractual mortgage payments from.
“With expat lending now available to applicants residing in over 30 countries around the world, including Australia and the United States, along with our streamlined processes making it easier than ever to submit an application, it’s definitely worth considering us for your next expat buy-to-let case.”
Newcastle BS cuts rates and revises affordability
Newcastle Building Society has reduced buy-to-let rates by up to 0.36 per cent and updated its affordability criteria.
Rate reductions include a five-year fix at 80 per cent LTV, which now has a rate of 5.55 per cent and a two-year fix at the same tier priced at 5.85 per cent.
Both products have early repayment charges that decline by one percentage point over the fixed rate period.
The mutual has also introduced a single stress rate of 8.25 per cent for fixed rate products of less than five years, and 5.7 per cent for longer term fixes.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We’re always listening to feedback from our partners to better understand how we can provide the best possible service to brokers and their clients.
“The recent changes to our buy-to-let proposition, including the removal of our tiered buy-to-let stress rate, reflect the wider market conditions and our commitment to remaining competitive in what is still a dynamic market.”
