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New mortgage unveiled for ex-pat residential landlords

New mortgage unveiled for ex-pat residential landlords

Complete FS, an intermediary distributor of home loans, has launched a specialist buy-to-let mortgage in association with Kent Reliance, which is aimed at landlords living abroad but who have property in the UK.

The deal is available for both purchase and remortgage, and offers an LTV up to 75% with a two-year discounted rate of 4.49%.

Tony Salentino, director at Complete FS, said: “This kind of bold product initiative will be applauded by intermediaries because it demonstrates the importance of looking at the needs of borrowers and bringing innovative thinking to meet those requirements.

“There is a growing number of expats looking to re-establish a base in the UK for the future or wishing to refinance existing property, and this product goes a long way to cater for them.”
 
He added: “At Complete we want to offer cutting-edge ideas to our introducers and we shall continue to search out specialist niches which we believe offer great value to brokers and their clients.”
 
Andrew Ferguson, head of sales and distribution at Kent Reliance, said: “We have seen great interest in the buy-to-let market from landlords who are UK citizens but based overseas. 

“Offering a product targeted specifically at them demonstrates that they form a valuable niche and makes it easier to offer them a competitive service rather than make things more complex. 

“Complete FS have a strong reputation for helping niche customers so are a natural partner for Kent Reliance with this limited distribution offer.”