Vida Homeloans has announced it is broadening its range of expat locations to include India, Malaysia, Saudi Arabia and Singapore.

The expansion adds to the 41 countries worldwide currently accepted by the specialist lender, and customers in each of these locations could now apply for a buy-to-let (BTL) mortgage up to 75% LTV.

For expats living outside the European Economic Area (EEA), Vida confirmed that its minimum property value required is £150,000. UK registered SPVs are considered where at least one director or shareholder is an expat, and HMO & MUBs are also considered.

The lender also confirmed that no minimum income is required if the property is self-funding, and that the maximum loan size is up to £1m. Vida lend on properties across England, Wales and Scotland.

Vida director of mortgage distribution, Richard Tugwell, commented: “We are constantly looking for new innovative ways to enhance our proposition. We are seeing an increasing demand from expat customers and we wanted to enhance our offering to reflect this demand.

“Getting an expat mortgage isn’t always straightforward, but we aim to ensure that we deliver a first class intermediary experience and provide a great range of product options for our broker’s clients. We are confident that these will provide great solutions for our borrowers cut out of traditional mainstream lending.”

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