What do we do?


The Society offers Ex-Pat mortgages to UK citizens living abroad. We pride ourselves on our flexibility around minimum income requirements and we do not require applicants to work for a multi-national company. We accept applications from a wide range of countries and in over 160 currencies. 

We offer Ex-Pat residential mortgages with a maximum LTV of 75% and Ex-Pat Holiday Let and Buy-to-Let mortgages with a maximum LTV of 70%.

Our key criteria
Ex-Pats

The Society will provide Ex-Pat mortgages on the following basis:

  • Foreign Currency – Income (where some or all of the borrower’s income is denominated in a foreign currency, regardless of where their day to day work activities occur)
  • Foreign Currency – Repayment Strategy (where the borrower will repay part or all of a mortgage which is partially or wholly conducted on an Interest Only basis, utilising monies or other assets which are denominated in a foreign currency e.g. the sale of a foreign holiday home)

General

  • The maximum loan to value is 75% for residential and 70% for Buy-to-Let

Applicant Details

  • Applicants must be UK citizens who are temporarily resident abroad
  • For residential properties, it must be the customer’s intention to return back to the UK with this property being their main residence and / or their immediate family must reside in the property
  • Lending can only be secured upon property in England and Wales. The applicant must own one existing property in the UK at which we can trace them (this can be either their residential property or a BTL property)
  • Mortgage payments must be paid via direct debit from a UK bank account

Affordability

Income will be assessed on the following basis:

  • If an applicant is paid in foreign currency, the exchange rate that will be applied is that at lowest point over the last two years from the date of assessment
  • The Society places no restrictions on the foreign currency being utilised, so long as the currency does not fall within any territories subject to financial sanctions or FATF counter measures
  • The Society can accept income from one foreign currency plus income derived in GBP.

Additional Requirements

We would also expect the customer to provide:

  • 3 months of bank statements for any non-UK account held that is deemed to their main account, e.g. the customers have main UK account, but also get paid into a foreign account and manage foreign commitments whilst abroad
  • Clarification of the customer commitments whilst abroad, e.g. regular expenses or credit commitments that are not cover by the applicant's employers

All supporting documents must be translated (where deemed necessary) by the applicant before submission

Contact Us

Contact our Intermediary Team with any case queries you may have.

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