Vida rolls out expansion of expat BTL offering

Vida Homeloans has rolled out a widened buy-to-let expat proposition, which includes lending to existing UK property owners in additional countries.

The specialist lender is now offering its products to borrowers in FATF member countries around the world, including Australia, America and Canada.

The BTL expat range is available up to 65 per cent LTV outside the EEA and up to 75 per cent LTV inside the EEA.

The maximum loan size is £1m and first-time landlords, houses in multiple occupation and multi-unit blocks are all acceptable.

In addition, spouses who are non-British citizens can be party to the mortgage and no minimum income is required.

Vida Homeloans director of sales – mortgages Louisa Sedgwick says: “We’ve been offering this extension to our buy-to-let expansion range via selected key distributors over the past couple of months and we are now rolling the proposition out to the wider market in response to demand.”

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