Expat Mortgages have been few and far between since the credit crunch hit way back in 2007. Fortunately, there are a few lenders slowly moving back into the expat mortgage market place.
These new lenders can consider mortgages for unusual properties too - providing Expat HMO Mortgages for Houses of Multiple Occupation, Expat Holiday Let Mortgages and Expat Part Commercial Mortgages for properties with some commercial element.
Up until recently the market has been very limited for expat mortgages on unusual property types and the new lenders coming into the market are offering further choice for British expats on HMO’s, Holiday Lets and Semi-Commercial properties in the UK up to a maximum of 75% loan to value, dependant on rental income, property type and location.
So there seems to be some glimmers and flickers of positive improvements on the expat mortgage front. The welcome thawing of the expat mortgage market now gives expats greater flexibility – especially around the purchase or remortgage of non standard properties.
