Intermediary News

BTL Expat and International Rate Reduction, International HMOs return, SVR reduction and Intermediary Fee changes

Following a review of our home finance offering, we have today made a number of positive product enhancements across our range of Buy-to-Let (BTL) and Home Purchase Plans (HPP) products for UK residents, UK Expats and International residents.

With immediate effect, the following changes are summarised below:

Buy-to-Let product changes:

  • BTL UK Expat and International product rates reduced by 10 basis points for all 2-year fixed rates. Highlights include:
    • UK Expat BTL: 2-year fixed rental rates starting at 4.73%
    • International Resident BTL: 2-year fixed rental rates starting at 4.82%
  • Houses in Multiple Occupation (HMOs) are now available to International resident landlords
  • Our full range of products can be found here

Standard Variable Rate and Intermediary Fee changes:

  • Standard Variable Rate (SVR): following the recent decrease in the Bank of England base rate, we have today changed our SVR for new business to 7.50% (previously 8.00%). For existing customers on ‘follow-on’ rates, the new payment rate takes effect from the next Rent Review date of Tuesday, 1st April
  • Intermediary Fee changes: following an internal review we have made some changes. Please refer to the updated document here

As a reminder, we provide home finance and Buy-to-Let solutions for UK Expats and International residents looking to purchase or refinance property in England or Wales, including but not limited to:

  • 100% of overseas income accepted
  • Over 200 locations worldwide
  • No UK credit footprint or UK address required
  • Top slicing, HMOs and MUFBs accepted
  • New build houses and flats
  • Finance up to £10m
  • Portfolios - no limit on properties

You can speak to your local BDM and refer to our criteria guides for further information and eligibility.

To review our current service levels, click here.

Thank you for your continued support.