Darlington Building Society for Intermediaries has relaunched foreign currency mortgages for borrowers.

The move follows digital upgrades to the mutual’s home loans origination platform, powered by finova’s Mortgage Sales and Originations technology.

The upgrade means mortgage submissions involving foreign income can be accepted, whether the applicant is an expat, or a UK resident earning in a foreign currency.

The mutual accepts 16 major currencies, including the euro, US dollars, South African rand, UAE dirham, Saudi riyal and Japanese yen.

It adds that the conversions are calculated to sterling using live interbank exchange rates through Xe.com, with “all currencies are given a 20% ‘haircut’ to account for currency fluctuations”.

Darlington Building Society head of intermediaries Chris Blewitt says: “We have vast experience in this area and understand not only the currency element, but the often-unique circumstances relating to expats and their circumstances while working and residing abroad.

“The currency upgrade gives our broker partners a fantastic tech solution coupled with great criteria, allowing them to better support an often-underserved borrower cohort, whether they are based in County Durham or halfway across the world.”