Related topic: Expat

Far from retreating, the expat market shows resilience, says Suffolk Building Society 

The Society has re-introduced products and enhanced criteria across its buy-to-let, holiday let and expat ranges.

The latest changes follow recent enhancements to the Society's criteria for flats and apartments.

Rates now start at 4.15% for UK expats and 4.16% for international residents.

The Society has increases its maximum LTV for flats and maximum permitted storeys.

Borrowers will be given the option to open a payment account with Algbra to manage their home finance payments.

The Society’s SVR is also reducing by 25bps.

77% of brokers have seen demand from non-UK residents increase over the past five years.

The Society has launched an expat self-build proposition and increased the maximum LTV for foreign nationals to 90%.

The product offers brokers a short-term solution for expat landlords seeking payment certainty amidst ongoing market reforms.