Vida opens up BTL expat products to more countries | Mortgage Strategy

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Vida Homeloans has expanded the number of countries it will accept expat buy-to-let (BTL) mortgage applications from.

Along with the 41 existing countries, Vida is now open to borrowers in India, Malaysia, Saudi Arabia, and Singapore, which together house an estimated 119,000 British expats.

The lender offers buy-to-let mortgages at up to 75% LTV to borrowers in these countries, with a minimum property value of £150,000 needed for those living outside of the European Economic Area. No minimum income is required if the property is self-funding.

UK-registered special purpose vehicles where at least one director or shareholder is an expat, Vida adds, and it will consider houses in multiple occupation and multi-unit blocks.

Vida director of mortgage distribution Richard Tugwell says: “We are seeing an increasing demand from expat customers and we wanted to enhance our offering to reflect this demand.

“Getting an expat mortgage isn’t always straightforward, but we aim to ensure that we deliver a first class intermediary experience and provide a great range of product options for our broker’s clients.

“We are confident that these will provide great solutions for our borrowers cut out of traditional mainstream lending.”


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