Expat Holiday Let is here!
Suffolk Building Society are now able to offer holiday let to your expat clients, offering their usual individual approach and manual underwriting as standard.
Here’s a few things you should know:
- They can consider when only one applicant is a UK national.
- Deposits built up in the country of residence accepted and most currencies accepted.
- First time landlords accepted, minimum age 30 (minimum age 21 for existing landlords).
- Up to 60 days’ personal use.
- Airbnb properties welcome.
- Rental coverage assessment requires a lettings agent (not Airbnb) to provide known or anticipated letting value.
- Up to 60 days’ personal use.
Their expat holiday let product:
Available up to 80% LTV:
- 2-year discount rate @ 3.85%
- SVR (currently 5.39%) minus 1.54%
- Max loan £750K
Product Finder – Suffolk Building Society’s easy to use product finder has all the info you need here.
Lending Criteria – Browse their residential and buy to let lending criteria here.