Regulated buy to let mortgage
for an expat
16TH FEB 2022
Recently we agreed a regulated buy to let mortgage for an expat based in the United Arab Emirates. His bonus and housing allowance were considered in the affordability assessment.
The client’s scenario
This case involved a British national living and working in Dubai.
He had secured a Grade II listed property in the UK, which he eventually planned to live in. In the meantime, he hoped to rent it out and achieve a 3.34% gross rental return.
Specialist Lending Manager Rohan Hardeman worked on this case and commented, “We’ll consider both residential and let cases for expats, foreign nationals, seafarers and those being paid in foreign currency. We assess each case individually, and in this case we were able to offer a repayment mortgage at 75% LTV by considering the client’s bonus and housing allowance in the affordability assessment.”
We were really pleased to receive a five-star service rating on Feefo from the intermediary who handled this case.
We’ve just been awarded a 2022 Feefo Gold Trusted Service Award in recognition of our outstanding level of customer service, with nearly all our partner reviews receiving a five-star rating.
Article details are correct as at 16 February 2022. Pricing is tailored to your clients’ individual circumstances.