Market Harborough extends expat range to Oz

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  • 02/08/2016
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Market Harborough extends expat range to Oz
Market Harborough Building Society has extended its expat range to accept buy-to-let and residential applications from customers living in Australia.

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, respectively.

A product for borrowers looking to let their property out for up to 24 weeks a year, including through Airbnb, has been launched with a rate of 3.99%, discounted by 1.5% off SVR up to 75% LTV.

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