"We have been able to leverage our existing underwriting expertise and expand our already extensive proposition seamlessly"
The ExPat Buy to Let mortgage is the latest addition to The Mansfield’s buy to let range that already includes FCA Regulated ‘Family’ Buy to Let, Consumer Buy to Let, and the ability for applicants to use earned income to make up rental shortfalls (Top Slicing).
According to the lender, the key product features include up to 70% LTV, 2 year Discounted Variable Rate with a current payable rate of 2.79% (2.80% below SVR ), Interest Coverage Ratio 125% at 5.5%, £199 Application Fee, Completion Fee 1.25% and available for purchase and remortgage on properties across England and Wales.
David Newby, Mortgage Executive at The Mansfield says: "With a much greater emphasis already placed on assessing the financial stability of Buy to Let landlords, we have been able to leverage our existing underwriting expertise and expand our already extensive proposition seamlessly.
We’ve worked with our broker partners to establish our proposition and are delighted to be offering them more choice to help them find solutions in an increasingly complex mortgage market.”
