Vida Homeloans has widened its B2L expat criteria and now lends to existing UK property owners working in FATF member countries around the world, including Australia, America and Canada, the lender has announced.
The new range is available with up to 65% LTV outside the EEA, with the maximum loan size being £1m. Vida has said that it will also accept first-time landlords, houses in multiple occupation and multi-unit blocks, and non-British spouses can be party to the mortgage with no minimum income required.
Vida Homeloans director of mortgage sales Louisa Sedgwick said: “We’ve been offering this extension to our B2L expat range via selected key distributors over the past couple of months and we are now rolling the proposition out to the wider market in response to demand.
"Intermediaries have been telling us that our criteria-driven B2L expat proposition - including niche criteria such as HMOs and MUBs and no minimum income requirements - is hard to beat.”
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