Many Enness clients have unusual circumstances in which they require a flexible mortgage. If you have multiple complications, it can be very difficult to find an option that accommodates all your requirements.
What kind of complications?
For example, we have received a significant increase in expat enquiries over the last year. Many of these expats are looking for large buy-to-let loans on properties they have previously lived in, but struggle to find a lender because their income is not easy to demonstrate, or they are barred by upper age limits.
How can Enness assist?
Fortunately, we work with a lender who is currently offering an extremely flexible mortgage product for buy-to-let properties. This lender will work with non-UK residents, and this is therefore a great option for British expats who have moved abroad but want to retain a foothold in the secure UK property market.
Who might this apply to?
This lender will consider lending to a range of different nationalities, including EU, Swiss, American, Canadian, Australian, New Zealand and Channel Island passport holders.
This product also has no upper age cap, so it could be an ideal choice for older borrowers who have moved abroad to enjoy their retirement. Most lenders have maximum age restrictions, whereas this lender only has a maximum term of 30 years.
As an additional bonus, this lender makes no assessment of your income, providing that the rental income covers the cost of the mortgage payments. This also makes the product a fantastic choice for expats and those borrowing into retirement.
The benefits are as follows
- Loans up to £2million
- No upper age cap
- Expats and non-UK passport holders
With a maximum loan size of £2million at 50% loan to value (LTV), this product is an ideal match for many Enness clients.
If you require a flexible mortgage and have further questions, I would be delighted to advise you further.