BTL product reprice for UK Expats & International Residents, and reduction in stress rates for all 2-Year BTL products

We have today reduced our stress rates for all 2-year fixed rate Buy-To-Let (BTL) products and repriced rental rates across a number of our BTL products for UK Expats and International residents.

Stress rate change for all 2-year BTL products

• For all 2-year Buy-To-Let products, including Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), the stress rate will be reduced to 5.50% or the payrate if higher (previously 6.5%)
• All 5-year fixed term products will continue to be stressed at payrate

The rate changes are as follows:

• 2-Year fixed rate UK Expat Resident BTL products (incl. HMOs/MUFBs and Green) reducing by 0.02%
• Selected 2-year fixed rate International Resident BTL products (incl. HMOs/MUFBs and Green) reducing by 0.02%
• 2 and 5-Year fixed rate International Resident BTL products (incl. Green) with a 0% product fee reducing up to 0.07%
• 5-Year fixed rate International Resident HMO/MUFB products (incl. Green) with a 0% product fee reducing up to 0.10%
• Selected 5-year fixed rate UK Expat and International Resident BTL products (incl. HMOs/MUFBs and Green) increasing by 0.03%

Our new products can be found here. These changes reflect our ongoing commitment to offering competitive finance options.

Our UK Expat and International resident criteria includes, but is 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.

Our product range is available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales.

To review our current service levels, click here.

Thank you for your continued support.