Expat mortgage solutions
We have considerable experience in lending to expats, foreign nationals and clients with income in a foreign currency. Here you will find a summary of our purchase and remortgage products for residential and buy to let cases.
“Expat residential mortgages are inherently complicated, but MHBS were able to take a common sense approach which is very refreshing.”
Products
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product type | Complexity | Min/max loan size | Rates from | For more information |
|---|---|---|---|---|
| Expat residential | Tier one | £200k – £2m | 5.45% | Product Guide |
| Expat residential – no fee | Tier one | £200k – £2m | 5.62% | Product Guide |
| Expat residential | Tier two | £200k – £2m | 5.84% | Product Guide |
| Expat residential – no fee | Tier two | £200k – £2m | 6.01% | Product Guide |
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product type | Complexity | Min/max loan size | Rates from | For more information |
|---|---|---|---|---|
| Expat buy to let | Tier one | £200k – £2m | 5.79% | Product Guide |
| Expat buy to let – no fee | Tier one | £200k – £2m | 5.96% | Product Guide |
| Expat buy to let | Tier two | £200k – £2m | 6.04% | Product Guide |
| Expat buy to let – no fee | Tier two | £200k – £2m | 6.21% | Product Guide |
Products
To find out if your case qualifies for our simple or complex products, please check the ‘Which product is right for my client?’ section below.
Simple
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product details | Initial rate | Follow on rate (variable) | Product fee | Application fee | Min loan size | Max loan size | Over payments | ERC | LTV |
|---|---|---|---|---|---|---|---|---|---|
| 3 year discounted rate | 5.44% | 7.74% | 0.70% | £95 | £200k | £1.5m | 10% | 3% for three years | Up to 75%* |
| 2 year fixed rate | 6.74% | 7.74% | 0.70% | £795 | £200k | £1.5m | 10% | 3% for two years | Up to 75%* |
| 3 year fixed rate | 6.54% | 7.74% | 0.70% | £795 | £200k | £1.5m | 10% | 3% for three years | Up to 75%* |
| 5 year fixed rate | 6.09% | 7.74% | 0.70% | £795 | £200k | £1.5m | 5% | 3% for four years, then 1% in the fifth year | Up to 75%* |
Complex
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product details | Initial rate | Follow on rate (variable) | Product fee | Application fee | Min loan size | Max loan size | Over payments | ERC | LTV |
|---|---|---|---|---|---|---|---|---|---|
| Lifetime discount | 5.84% | 7.74% | 0.70% | £95 | £200k | £1.5m | 10% | 3% for three years | Up to 75%* |
| 2 year fixed rate | 7.14% | 7.74% | 0.70% | £795 | £200k | £1.5m | 10% | 3% for two years | Up to 75%* |
| 3 year fixed rate | 6.94% | 7.74% | 0.70% | £795 | £200k | £1.5m | 10% | 3% for three years | Up to 75%* |
| 5 year fixed rate | 6.49% | 7.74% | 0.70% | £795 | £200k | £1.5m | 5% | 3% for four years, then 1% in the fifth year | Up to 75%* |
*Some property types and loan sizes may be restricted to a lower LTV.
If your case doesn’t meet our simple or complex criteria,
please get in touch. We can provide bespoke solutions tailored to your clients’ circumstances.
To find out if your case qualifies for our simple or complex products, please check the ‘Which product is right for my client?’ section below.
Simple
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product details | Initial rate | Follow on rate (variable) | Product fee | Application fee | Min loan size | Max loan size | Over payments | ERC | LTV |
|---|---|---|---|---|---|---|---|---|---|
| 3 year discounted rate | 5.44% | 7.74% | 0.45% | £95 | £1,500,001 | £2m | 10% | 3% for three years | Up to 75%* |
| 2 year fixed rate | 6.74% | 7.74% | 0.45% | £795 | £1,500,001 | £2m | 10% | 3% for two years | Up to 75%* |
| 3 year fixed rate | 6.54% | 7.74% | 0.45% | £795 | £1,500,001 | £2m | 10% | 3% for three years | Up to 75%* |
| 5 year fixed rate | 6.09% | 7.74% | 0.45% | £795 | £1,500,001 | £2m | 5% | 3% for four years, then 1% in the fifth year | Up to 75%* |
Complex
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product details | Initial rate | Follow on rate (variable) | Product fee | Application fee | Min loan size | Max loan size | Over payments | ERC | LTV |
|---|---|---|---|---|---|---|---|---|---|
| 3 year discounted rate | 5.59% | 7.74% | 0.45% | £95 | £1,500,001 | £2m | 10% | 3% for three years | Up to 75%* |
| 2 year fixed rate | 6.89% | 7.74% | 0.45% | £795 | £1,500,001 | £2m | 10% | 3% for two years | Up to 75% |
| 3 year fixed rate | 6.69% | 7.74% | 0.45% | £795 | £1,500,001 | £2m | 10% | 3% for three years | Up to 75% |
| 5 year fixed rate | 6.24% | 7.74% | 0.45% | £795 | £1,500,001 | £2m | 5% | 3% for four years, then 1% in the fifth year | Up to 75% |
*Some property types and loan sizes may be restricted to a lower LTV.
If your case doesn’t meet our simple or complex criteria,
please get in touch. We can provide bespoke solutions tailored to your clients’ circumstances.
To find out if your case qualifies for our simple or complex products, please check the ‘Which product is right for my client?’ section below.
Simple
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product details | Initial rate | Follow on rate (variable) | Product fee | Application fee | Min loan size | Max loan size | Over payments | ERC | LTV |
|---|---|---|---|---|---|---|---|---|---|
| 3 year discounted rate | 5.44% | 7.74% | £995 up to £1.5m 0.45% over £1.5m | £95 | £200k | £2m | 10% | 3% for three years | Up to 75%* |
| 2 year fixed rate | 6.74% | 7.74% | As above | £795 | £200k | £2m | 10% | 3% for two years | Up to 75%* |
| 3 year fixed rate | 6.54% | 7.74% | As above | £795 | £200k | £2m | 10% | 3% for three years | Up to 75%* |
| 5 year fixed rate | 6.09% | 7.74% | As above | £795 | £200k | £2m | 5% | 3% for four years, then 1% in the fifth year | Up to 75%* |
Complex
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
| Product details | Initial rate | Follow on rate (variable) | Product fee | Application fee | Min loan size | Max loan size | Over payments | ERC | LTV |
|---|---|---|---|---|---|---|---|---|---|
| 3 year discounted rate | 5.84% | 7.74% | £995 up to £1.5m 0.45% over £1.5m | £95 | £200k | £2m | 10% | 3% for three years | Up to 75%* |
| 2 year fixed rate | 7.14% | 7.74% | As above | £795 | £200k | £2m | 10% | 3% for two years | Up to 75%* |
| 3 year fixed rate | 6.94% | 7.74% | As above | £795 | £200k | £2m | 10% | 3% for three years | Up to 75%* |
| 5 year fixed rate | 6.49% | 7.74% | As above | £795 | £200k | £2m | 5% | 3% for four years, then 1% in the fifth year | Up to 75%* |
*Some property types and loan sizes may be restricted to a lower LTV.
If your case doesn’t meet our simple or complex criteria,
please get in touch. We can provide bespoke solutions tailored to your clients’ circumstances.
To find out if your case qualifies for our simple or complex products, please check the ‘Which product is right for my client?’ section below.
Simple
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
Product details
3 year discounted rate
Min loan size
£200k
Initial rate
5.49%
Max loan size
£5m
Follow on rate (variable)
7.29%
Over payments
10%
Product fee
0.95% up to 1.5m 0.45% over 1.5m
ERC
3% for three years
Application fee
£95
LTV
Up to 75%*
Application fee
2 year fixed rate
Initial rate
6.89%
Follow on rate (variable)
7.29%
Product fee
As above
Application fee
£795
Max loan size
£5m
ERC
3% for two years
LTV
Up to 75%*
Product details
5 year fixed rate
Initial rate
6.94%
Follow on rate (variable)
7.29%
Product fee
as above
Application fee
£795
Min loan size
£200k
Max loan size
£5m
Over payments
5%
ERC
3% for four years, then 1% in fifth year
LTV
Up to 75%*
Complex
These rates are subject to agreement and confirmation by the Society’s Credit Committee. Please call us on 01858 412345 for more details.
Product details
3 year discounted rate
Initial rate
5.89%
Follow on rate (variable)
7.29%
Product fee
Up to £1.5m 0.95%
over £1.5m 0.45%
Application fee
£95
Min loan size
£200k
Max loan size
£5m
Over payments
10%
LTV
Up to 75%*
Product details
2 year fixed rate
Initial rate
7.29%
Follow on rate (variable)
7.29%
Product fee
As above
Application fee
£795
Min loan size
£200k
Max loan size
£5m
ERC
3% for two years
LTV
Up to 75%*
Product details
5 year fixed rate
Initial rate
7.34%
Follow on rate (variable)
7.29%
Product fee
As above
Application fee
£795
Min loan size
£200k
Max loan size
£5m
Over payments
5%
ERC
3% for four years, then 1% in the fifth year
LTV
Up to 75%*
Which product is right for my client?
To find out if your client qualifies for our simple or complex products, please check the criteria listed here
Our tier one products are suitable for expat clients who meet the following criteria:
- Income earned in US Dollars, Canadian Dollars, Euros, EU Member state currencies, Swiss Franc, Hong Kong Dollars, Singapore Dollars or Australian Dollars
- Applicant is employed or a contractor with three years’ trading on a single contract
- Applicant is paid in a single currency in addition to GBP
- The security is a house and a single title unit property
- The property has no planning restrictions and is only in need of light refurbishment
Our tier two products cater for a variety of scenarios including:
- Employed expats paid in currencies other than those mentioned under the simple section
- Employed expats paid in multiple currencies
- Self-employed expats
- Joint borrower sole proprietor
- Applicants with gifted deposits
- Unusual property types, including
- Listed buildings
- Large acreage
- Annexes
- Multi-units
- More than one title to charge
- Flats
- The property consists of multiple titles
- The property is in need of larger-scale refurbishment
- Consent to let
Our standard criteria that applies to all expat products is shown below:
- Suitable for expats and foreign nationals. Please see our current list of countries that we can consider
- Applicants with income in a foreign currency considered
- Minimum age 18
- Max age 85 for residential, no age restrictions for let applications
- Maximum of four applicants
We’re always happy to chat through individual cases, so if you have any questions or want to check if we can consider your case, please give your nearest Specialist Business Development Manager a call.
Experience our first-class service
Each case individually assessed
We manually underwrite with no income multiple limit or credit scoring
Easy-access support
Your Specialist Business Development Manager is available over the phone or via Zoom to help with new cases and keep things running smoothly
Strong commitment
A firm decision for your case will be provided by our daily Credit Committee
Prompt checks
Our case managers will notify you if any information or documents are missing
Personal service throughout
Your named underwriter will provide case updates and will be happy to help with any queries
Don’t take our word for it
We’re delighted that almost all brokers who review us on feefo give us a five-star rating, the highest possible score.
Here are some the things they say about us:
We’re here to help
We’re here to help if you have any questions and are happy to chat through individual cases. All you have to do is pick up the phone to one of our Specialist Business Development Managers.
