Suffolk Building Society has cut rates by up to 0.16% across its 2-year and 5-year fixed rate expat residential, expat buy-to-let (BTL), and expat holiday let mortgages.
These refreshed products also come with an extended end date, with the 2-year fix now running until 30th November 2025.
Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “We’ve been in the expat market for almost two decades now and have received applications from British Nationals living in 92 countries across the world.
“We’ve become one of the go-to lenders for expat as we support brokers with the heavy-lifting to help get their overseas clients’ applications across the line.
“We understand that this is not always an easy task, with extra layers of complexity involved with expats – whether foreign currency income or deposits raised outside of the UK.”
Grimshaw added: “We hope these changes to our expat range land well with brokers.
“We know that every little helps with affordability and rental calculations at the moment and a reduction in rates goes some way to support this.
“With 77,000 British citizens emigrating in 2024, it’s certainly a lucrative market for intermediaries!”
The society has also reduced rates by up to 0.15% on two standard BTL products and two BTL light refurb mortgages.
