Mortgages  

Broker’s ex-pat deals off pat

Broker’s ex-pat deals off pat

Online buy-to-let mortgage broker Landlord Centre has launched three buy-to-let mortgages with Hanley Economic Building Society, with no arrangement fees.

The broker has two products up to 75 per cent loan-to-value and 80 per cent LTV for UK-based BTL investors, and a 70 per cent LTV product for ex-pat landlords.

Andy Young, chief executive at Landlord Centre, said: “The outlook for the buy-to-let mortgage market is very good and we are expecting to see significant growth in 2015.”

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Key features

• 2.75 per cent two-year discount (2.44% off the lender’s standard variable rate) for standard BTL applications up to 75 per cent LTV.

• 3.50 per cent two-year discount (1.69% off the lender’s SVR) for ex-pat applications up to 70 per cent LTV.

• 80 per cent LTV product, 3.50 per cent for two years (1.69% off the lender’s SVR).

Adviser View

Christopher Taylor, director of the London Mortgage Brokers, said: “They are very competitive and good on criteria, the variable rate is very much in line with other lenders, and the market could always do with more ex-pat lenders.

“The caveat depends on what they ask for on each application, but it is always good to have more choice and more lenders lending to ex-pats, which is a difficult area. Also lending to 80 per cent is positive – only a few do that, and no arrangement is good news for clients. So certainly it is a lender I would remember.”