The enhanced policy broadens eligibility for buy-to-let applicants, particularly those with mixed residency statuses or without indefinite leave to remain.
The enhanced policy broadens eligibility for buy-to-let applicants, particularly those with mixed residency statuses or without indefinite leave to remain.
The Society is launching new range of products for mortgage applicants who are foreign nationals.
The enhancement will help borrowers avoid the friction associated with cross-border transfers and currency conversion.
David Lownds, head of products and marketing at Hanley Economic Building Society, says encouraging foreign national clients to establish a UK banking footprint, keep records in order...
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%.
Both products are designed to support foreign nationals from day one in the UK.
A lack of lender appetite poses the biggest hurdle for mortgage brokers working with overseas clients.
The lender has enhanced foreign national affordability and introduced a higher threshold for ignoring CCJs and defaults.
The specialist lender has widened the global reach for foreign nationals and is removing new employment barriers.
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