View more on these topics

Derbyshire’s expatriate mortgage rate increases

Rates on Derbyshires range of expatriate mortgages have risen by 0.25% and less, following the last rise in UK base rate rise.

Expatriates looking for a buy-to-let mortgage can take advantage of The Derbyshires three year fixed rate of 5.50% until November 30 2009.

For extra flexibility, overpayments of up to 10% a year can be made without incurring early repayment charges.

At the end of the three year term, the interest rate tracks Bank of England base rate at a margin of plus 1% for the remainder of the mortgage.

There is a daily interest calculation for capital repayments, with borrowers receiving the benefit of capital repayments straight away through a reduction in the interest charged.

For expatriates who still have a spouse or family member living in their UK property, then a flexible tracker mortgage is now available at 4.99% for two years.

This low-cost tracker mortgage has no early repayment charges borrowers can make overpayments with the potential to make underpayments and take payment holidays up to the amount overpaid.

Fiona Passey, director of offshore banking at The Derbyshire, says: As with the savings accounts available from Derbyshire Offshore, we are committed to maintaining competitive rates on our complete range of expatriate products.

The attractive rates available on our mortgage products make them excellent value for those looking to buy in the UK.

The Derbyshire range of mortgages has been specially developed for expatriates holding a current British passport and in the case of joint borrowers, where the second applicant holds a current EU member state passport.

The application fee for both of these loans is 595 and products are fully portable.

Recommended

Intelligent Finance changes rates

Following the decision by the Monetary Policy Committee to increase the base rate by 0.25%, Intelligent Finance is increasing its offset mortgage rate.IFs SVR will move from 5.70% to 6.05% APR (variable), a movethe lender says will ensure that the bank remains a top four player in terms of competitive SVRs available.Mark Parker, managing director […]

MEX unveils self-cert fixes

Mortgage Express has launched a range of two-year fixed rate deals on self-cert mortgages.

MDA signs three HIP deals

MacDonald, Dettwiler and Associates, a provider of essential information solutions, has signed three exclusive five-year contracts with Home Information Pack providers in England and Wales.After many months of evaluating potential supply partners, HIP London, House Inspect, and Survey and Valuation Company have chosen MDA as the partner who can provide the most comprehensive solution to […]

Mortgage Next launches buy-to-let range

Mortgage Next has launched two three-year buy-to-let mortgages available exclusively via members of the Mortgage Next Network and directly authorised brokers registered with Mortgage Next Partners.The buy-to-let mortgages, which are funded by Mortgage Express, consists of a discount of 1.26% for three years giving an initial pay rate of 5.24% with a 1% completion fee, […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]

Newsletter

News and expert analysis straight to your inbox

Sign up