I am a british citizen currently living abroad for work reasons and my stay is going to be longer than expected. I own a property in London ( currently let with break clause) which I would like to remortgage. Balance paid 21%. Are there options available?
Ask the Specialist response:
Thanks Paolo for the enquiry.
We do help British expats based overseas to arrange remortgages on their properties in London and the rest of the UK.
Typically, for an expat buy to let mortgage, you would need 25% equity at least in the property i.e. the mortgage should be no more than 75% of the property value. From your enquiry it doesnt sound as though you are too far away from that.
I would recommend sending an enquiry and one of our Advisers will call you back in Italy. Alternatively, please call us on +44 20 77 100 400 to speak to an Adviser from January 2nd 2020.