Implications for UK BTL mortgage holders of moving abroad

by Readers Question

14:20 PM, 19th December 2019
About A year ago

Implications for UK BTL mortgage holders of moving abroad

Make Text Bigger
Implications for UK BTL mortgage holders of moving abroad

Now here’s an interesting question, which I can’t find any threads on the site search for. So, I have 15-20 UK BTL mortgages and have followed Mark’s lead and left the UK for sunshine, sea and the ex-pat lifestyle. But, what is the effect of my move on my mainstream UK BTL mortgages which I already have?

Am I in breach of lending terms?

Should I declare the move to lenders?

Will this cause a recall of loans or increased rates?

Can I do product transfers within at the end of fixed rates?

Can I take out a new BTL mortgage in place of my residential mortgage on my old home?

Should I be wiping a furrowed and fearful brow, or putting on my straw Panama and heading off for a sundowner with pals at the Royal British Club?


Share this article

Twitter Facebook LinkedIn


Neil Patterson

14:27 PM, 19th December 2019
About A year ago

Hi Ted,

Terms and conditions for a BTL mortgage are different to a main residence as it is not dependent on being your home. Therefore normally moving abroad is no issue for an existing BTL mortgage, but I can't speak for all lenders terms and conditions. Please check the lenders handbook.

The difference comes with new borrowing which will need to be considered on specific ex-pat BTL products.


14:42 PM, 20th December 2019
About A year ago

Many thanks Neil!

I'll check the T&C's of the existing BTL products I have.

I expect the biggest issue will be if I look for new BTL products whilst I'm non-UK resident?

If I return to the UK, how long does it take for my recent ex-pat absence to stop being a negative for borrowing purposes?

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?



Could your buy-to-let company share structure be better?

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More