UK Property Transactions Surge 15%: What Financial Institutions Need to Know

Family BS Unveils New Expat BTL Limited Company Rates - Here’s What You Need to Know

Update Family BS Introduces New Options for Expat Buy-to-Let Investors In a significant move for expat investors, Family Building Society has launched a new range of buy-to-let (BTL) limited company mortgage products aimed specifically at landlords with UK companies but expat shareholders or directors. This innovative offering comes at a crucial point when many expatriates are evaluating their property investment strategies concerning changing market dynamics. Understanding the New Expat BTL Limited Company Rates These new two- and five-year fixed-rate products are designed for maximum flexibility, allowing purchases or remortgages up to a 75% loan to value (LTV). The exciting rates stand at 5.34% for the two-year term and 5.59% for five years. The recent launch is a strategic response to the growing demand for mortgage options that cater to the unique needs of expats who wish to maintain a foothold in the UK property market while living abroad. Moreover, ongoing trends in interest rates make this a timely opportunity for existing investors and new entrants alike. Market Response and Financial Incentives Darren Deacon, the head of intermediary sales, emphasized that this launch is a reflection of the firm’s commitment to developing tailored solutions for company landlords. Notably, applicants can benefit from a £500 cashback incentive for five-year remortgage applications, coupled with a fee-free property valuation for homes valued up to £500,000. This proactive approach is expected to resonate well with intermediaries seeking competitive edge products for their expat clients. Impact of Rate Cuts Across Mortgage Products In conjunction with the new expat BTL rates, Family Building Society has also announced a cut in all existing two-year fixed rates by 0.1% and five-year fixed rates by 0.05%. This rate reduction is a strategic move intended to enhance affordability across their mortgage range, which includes owner-occupiers and other BTL products. Such reductions can imply an improved cash flow for clients and reflect the ongoing adjustment in the lending landscape as financial institutions seek to meet market demands. What's Next for Expat Investors? As the global economy continues to recover, expats seeking mortgage solutions to support their property investments back home should keep a close eye on Family Building Society’s offerings. The flexibility and reduced barriers created by these new products may present excellent opportunities for diversifying their property portfolios. With these changes, investors are encouraged to evaluate their options thoroughly and consult with mortgage advisors to ensure optimal decisions for their unique financial circumstances.