Expat Mortgages Market Tightens

The market for UK expat mortgages has tightened further in the last week with the withdrawal of Halifax, Birmingham Midshires and Lloyds TSB Spearhead from the market. The lender has said it is reviewing policy before deciding on the next steps forward.

This is in addition to the withdrawal of Lloyds International earlier in the year and comes in the wake of tightened policy, including increased minimum loan values to £250,000, from other lenders.

However, there are still some remaining of expat mortgage lenders in the market looking for business on either residential, buy to let, holiday let or commercial properties.