ExPat BTL Mortgages for UK Properties

ExPat BTL Mortgages for UK Properties

8:57 AM, 27th June 2018, About 5 years ago 7

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I would like some advice or guidance on the matter of Expat mortgages. I am a British National and have lived and worked outside of the UK for over 20 years. I already have a small portfolio of 5 x BTL’s in the UK and have had these for approx. 5 years.

I want to add to my portfolio however, have recently found my previous source of mortgage funds (HSBC UK) is unable to deal with me anymore as I am now classified as a “Professional Landlord”.

Therefore, I would like to know of any lenders I should contact who provide Mortgages to Expats?

Your kind help is appreciated.



Neil Patterson

9:04 AM, 27th June 2018, About 5 years ago

Hi Mark,

Howard Reuben >> https://www.property118.com/member/?id=314 did a basic whole of market search for me and there were a lot of options, but there is no way of knowing which will fit until he does a full fact find and full search for you using all the criteria questions.

If you would like us to do that for you just drop me an email reminding me about this article 🙂 >> npatterson@property118.com

In Alpha order the options start with:
Axis Bank
Bath Building Society
Castle Trust
Kent Reliance
Keystone Property Finance
Vida Homeloans

Ricky Ruddock

10:15 AM, 27th June 2018, About 5 years ago

Hi Mark,

I've just been through a similar process. I found that because the properties i wanted to purchase were in Scotland my options were greatly reduced. If you're looking to buy in England i don't think you'll have an issue finding a lender. Check out Al Ryan Bank, that's who i eventually went with and despite some of the reviews i read online i found them to be excellent.

If you think it would help, i'm happy to share my experience and findings with you in more detail if you PM me an email address.

- Ricky

Adam Lewczynski

14:41 PM, 27th June 2018, About 5 years ago

Hi Mark, we've been assisting expats for some 30 years and have generally found that the relationship they have with their own banks is the best initial source. However, if HSBC are proving difficult did they have any concerns about the current structure of your investments? Being a business owner or consultant rather than working for a major multi-national (secure job ???) can also influence some lenders with regards to loan-to-values and rates so its good to shop around and get whole of market comparisons. We don't offer mortgage advice but can put you in touch with some specialist brokers if required. Good luck. Adam

Mark S

14:06 PM, 29th June 2018, About 5 years ago

Reply to the comment left by Adam Lewczynski at 27/06/2018 - 14:41
Hi Adam
Thanks for your reply.
The issue with HSBC was that they said their policy was that any customer with over 3 x BTL's was considered a Professional Landlord and therefore they could not provide further mortgages, even if my salary etc could satisfy their stress test. All my mortgages are less than 40% LTV, so i would have thought I would have been a good opportunity.
Any help on specialist brokers would be appreciated.

Mark S

14:15 PM, 29th June 2018, About 5 years ago

Reply to the comment left by Ricky at 27/06/2018 - 10:15
Hi Ricky
Thank you for your reply.
Your information was well received. I will send you an email so that we can discuss further.


17:30 PM, 30th June 2018, About 5 years ago

Hi Mark,
I am an expat also and have 7 hsbc btl mortgages, they have pretty low interest rate but limit to max of 10 properties in total if you are a premier customer. I never heard of the 3 max rule unless they changed recently, might be worth double checking with them. Last couple mortgages i have obtained are with shawbrooks, they are good but higher mortgage rates.

Adam Lewczynski

23:33 PM, 6th August 2018, About 5 years ago

Reply to the comment left by Mark S at 29/06/2018 - 14:06
Hi Mark, I'm really sorry but I've only just seen your reply. I dont know how I missed it but if you still need any help then please do drop me a quick email to adam@londonpropertyinvestments.com Thank you and my apologies again. Adam

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