Ex-pat Buy to Let

For people currently working abroad, our ex-pat mortgages offer solutions to help your client purchase an investment property in the UK while they are temporarily out of the United Kingdom.

Is your client a portfolio landlord? You will need to use our Portfolio Submission Platform, eTech. Find out more.

Product detail

LTV Mortgage type Term Initial rate Product fee Early repayment charge Product code
75%
Discounted Variable1
2 3.79%  2%  3% in years one and two  01137 SEXP1704 
75% Fixed 2 3.99% 2% 3% in years one and two 01138 SEXP1704
75% Fixed 3 4.19% 2% 3% in years one, two and three 01139 SEXP1704
75% Fixed 4.49% 2%  5% in year one, 4% in year two and 3% in years three, four and five 01140 SEXP17F5

12.54%

The Buy to let variable rate (the revert rate) is 6.33%.

Minimum loan size £125,000. Maximum loan size £3,000,000.

Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received.

All our products are subject to availability and may be withdrawn at any time.

ERCs may be incurred for full redemption or repayment of capital.

Eligibility

  • UK nationals only 
  • Limited company/ LLP applicants acceptable 
  • Minimum loan £125,000
  • Minimum UK equivalent income of £50,000
  • Employed applicants must work for a UK, EU or US agency, or for a recognised and traceable company abroad
  • Self employed applicants must be professional, such as an equity partner in a law firm, professional contractor or a business owner with an internationally recognised accountant.  
  • Self-employed applicants who only have a PO Box Address are not acceptable. 
  • Applicants must own at least one property in the UK (residential or investment)
  • HMOs must have a managing agent in place (must be a member of the Association of Residential Lettings Agents (ALRA), or a RICS qualified managing agent)
  • Applicants, including Directors and Shareholders of limited companies, must have a UK credit footprint, with a clean credit history for a minimum of three years
  • If an applicant resides in Australia or Monaco, the property must be held in a limited company
  • Applicants who live in Saudi Arabia, or who work/ reside in any country on a banned or watch list, are not acceptable
  • Additional requirements may apply depending on the country of residence, and these will be made clear in any offer document
  • Mortgage payment must be by Direct Debit, in Sterling from a UK bank
  • TLT will act for the bank for Ex-pat Ltd Co Transactions

For more details, please see our lending criteria.

Product terms and conditions

  • These products are only available on repayment or interest-only terms.
  • At the end of any initial deal, the interest rate will revert to the Standard variable rate.
  • The Standard variable rate can vary in line with the general level of interest rates and economic conditions.
  • If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
  • A list of our fees and charges accompanies all Mortgage Illustrations.
  • The minimum mortgage term is 5 years and the maximum is 35 years.
  • The maximum loan size is £3m.
  • Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
  • These mortgage products are not portable.
  • All mortgage products are subject to availability of funds and can be withdrawn at any time.
  • Buy to let loans are not regulated mortgages.

For interest-only or part repayment/part-interest only, it is your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 25 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504) for general insurance intermediation and regulated mortgages

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE


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Calculated at 5% interest rate

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