Marsden Building Society has relaxed its expat mortgage criteria, including additional support for expats returning to the UK.  

The Society’s lending policy updates have been made to its expat residential and expat landlord loans.  

They include: 

• Expats returning to the UK are now eligible for expat residential loans, whether they are with the same employer, or have a new contract in the same field with a future start date 

• Professional sports persons accepted for up to 80% loan to value on expat residential, with a maximum retirement age of 40 at the end of the mortgage term, unless adequate investment or post-retirement income can be determined 

• Second homes for immediate family or personal holiday use have been added to the list of acceptable properties across each of the Marsden’s mortgage ranges up to 75% LTV 

• Attached or detached annexes are accepted across all mortgage ranges, providing the main residence is for personal use 

• Income multiples increased from 4.5 times to 5.5 times for sole applicants earning over £75,000 or £100,000 for joint applicants, subject to affordability 

• Properties with up to 30 acres are now accepted, up to 80% LTV, providing there’s no commercial usage or agricultural tenancies or ties 

Marsden Building Society head of mortgages Donna Barclay says: “These latest updates aim to provide better support and flexibility for brokers and their expat clients, further reflecting our commitment to personalised lending solutions.”