Specialist intermediary-only lender Vida Homeloans has introduced a new ‘Vida Expat’ buy-to-let mortgage range.
The range was designed with input from BTL brokers and networks and is targeted at existing UK property owners living abroad who wish to invest in property in the UK.
Maximum loan sizes are £1m for current UK BTL landlords and £500,000 for first-time landlords. Maximum LTV is 75 per cent and there is no minimum income requirement or employment restrictions.
Rates start at 3.89 per cent variable for a two-year tracker and 3.99 per cent for a two-year fixed deal.
Applicants can reside in any country worldwide as long as it is a Financial Action Task Force (FATF) member country.
Vida Homeloans director of sales Louisa Sedgwick (pictured) says: “We listened to our distribution partners and our new Vida Expat proposition is the latest evidence of our partnership approach to product design. We continue to commit to offer intermediaries innovation and flexibility in securing the best mortgage deal for their client’s needs.”