Cambridge re-enters expat mortgage market

January 16, 2023

The Cambridge Building Society returns to the expatriate buy to let market with a two-year discounted mortgage of 4.89 per cent and a five-year fixed rate of 6.09 per cent.

There is no early repayment charge on the two-year mortgage and loans will be considered up to 75 per cent property value.

Other advantages include a minimum employed income requirement of just £25,000.

Intermediary Manager, Kathy Bowes, said: “We are delighted to introduce these products into the expat mortgage market.

“There are few lenders offering mortgages to this group, so we want to ensure we are here to help and to make products available to a broad range of customers.”

Applicants must have a UK bank account and a UK correspondence address to qualify for a mortgage from The Cambridge.

All unsanctioned countries and currencies will be considered, at the society’s underwriters’ discretion.

All products have a minimum loan size of £75,000 with a maximum of £750,000. Application and completion fees will be applied.