Our Expat Buy to Let Mortgages

Expat buy to let mortgages for UK nationals living abroad

Living abroad does not have to limit your ability to invest in UK property. An expat buy to let mortgage (BTL) allows British citizens living overseas to purchase or remortgage a rental property in the UK. 

At The Cambridge Building Society, we support overseas landlords with our specialist expat buy to let mortgages and a personal, adviser‑led approach. We support expat landlords with mortgage options designed to help them invest in the UK rental market. 

 

What is an expat buy to let mortgage?

An expat buy to let mortgage is for people who live and work outside the UK but want to own and let a residential property within the UK.

These mortgages work in a similar way to standard buy to let mortgages but take into account the additional considerations associated with living overseas income, such as income earned in foreign currencies, residency status and other financial commitments.

Rental income from the UK property will form part of the affordability assessment, alongside personal and financial circumstances.

Expat buy to let mortgages can be used to:

•    Purchase a rental property in the UK
•    Remortgage an existing buy to let property
•    Expand or manage an existing property portfolio

Expat buy to let mortgage options

The Cambridge Building Society offers a dedicated range of expat BTL mortgages to support landlords living overseas. We consider mortgage applications for properties in England and Wales, and applicants earning income in a range of currencies may be eligible, subject to lending criteria and UK financial sanctions requirements.

Key features of our expat buy to let mortgages are available at competitive loan-to-value ratio (LTV) levels. There is no upper age limit and holiday lets may be considered under the appropriate product range.

We offer mortgages for both standard buy to let properties and holiday lets, including Airbnb properties.

View our expat mortgages

Eligibility criteria for expat buy to let mortgages

Eligibility for an overseas landlord mortgage is assessed on a case‑by‑case basis. Criteria may include, but are not limited to:

•    British citizenship or acceptable residency status
•    Minimum personal income (typically £25,000 per application)
•    Acceptable country of residence and currency
•    A UK correspondence address
•    Rental income meeting minimum stress-tested coverage requirements
•    Property type and location within the UK

Self‑employed applicants are usually considered where the business is based in the UK. Additional documentation may be required where applicants own property outside the UK.

First-time buyers are not eligible for expat BTL mortgages. However, first-time landlords may be considered on a case-by-case basis. 

Expat buy to let mortgage rates

Rates for expat buy to let mortgage may differ from standard buy to let mortgages and can reflect the additional risk and complexity of overseas residency.

Rates, fees and product availability can change. Affordability is assessed using rental stress testing alongside other financial considerations. Speaking to a mortgage adviser can help you understand how current expat buy to let mortgage rates may apply to your circumstances.

 

Why choose The Cambridge for expat buy to let mortgages?

With over 175 years of experience, The Cambridge Building Society takes a considered and personal approach to buy to let lending. Our Mortgage Advisers can talk you through our current rates, deposit requirements and how your application is assessed for affordability, helping you understand the options available.

Expat buy to let mortgages can provide a flexible way to invest in UK property. Applications are considered on a case-by-case basis, with options depending on your circumstances and country of residence. Products are subject to availability and may be withdrawn without notice.

 

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE