The Stafford Building Society has reaffirmed its commitment to supporting expat clients with updated criteria.
Key features of the updated range are no minimum income requirements, assessing clients on their individual circumstances, removing the barrier of strict income thresholds, and allowing for first-time buyers and first-time landlords.
Stafford Building Society also made lending available to clients residing in Europe, Australia and New Zealand.
For UAE, Hong Kong and other regions, clients will be considered by individual referral.
Expats can also secure mortgages without the need for having a UK property in their portfolio.
The society also introduced buy-to-let (BTL) and holiday buy-to-let (HBTL) options.
Stephen Marcon, expat and foreign nationals broker expert from Connect Mortgages, said: “The new revised ExPat offering from The Stafford is outstanding.
“No minimum income requirements and not needing to have an existing UK property makes these mortgages far more accessible to a wider range of expat clients.
“The list of countries including Australia and New Zealand also brings the products to a much wider audience, especially to those in Australasia.
“The inclusion of new build houses as well as flats and considering regular AST buy to lets as well as holiday lets is certainly going to be of interest to many Expats.
“This is just what the expat market has been waiting for.”
