Penrith Building Society is set to re-enter the expat buy-to-let (BTL) and holiday let market with the relaunch of three products.
The relaunched products include the society’s expat BTL purchase, expat BTL remortgage, and expat holiday let offerings.
These products will be available in England, Scotland, and Wales starting tomorrow, Wednesday 13th November.
The products have been designed to offer flexibility and competitive options for those seeking opportunities in the buy-to-let market, and comes at a time when demand for rental properties continues to grow.
Tim Vigeon, head of products at Penrith Building Society, said: “Following the success of these products earlier this year, we have relaunched these products to meet broker demand.
“The maximum [loan-to-value (LTV)] is 70%, and they all have a maximum loan size of £450,000.
“The expat BTL remortgage also comes with a free valuation, up to a value of £1m. Top slicing is available if needed.
Vigeon added: “We are delighted to be able bring these expat products back to market and look forward to helping expats in the BTL and holiday let space.”
