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Expat mortgages: investing in UK property

At Ipswich Building Society, we offer a range of mortgages to British expats living or working abroad. Rather than put expat homebuyers through a computerised process, we prefer to assess each application on its own merit. We can’t promise to lend to every expat, but we will promise that each and every application is reviewed by one of our mortgage underwriters, giving them a fair assessment and the chance to have all of their circumstances taken into account.

We can offer expats mortgages up to 90% loan to value with a maximum loan size of £500k. To be eligible, residential applicants must be paid in Sterling and meet our usual affordability criteria. Full lending criteria is shown below.

UK property investment for rental income

Some expats may wish to invest in UK property for rental income. At Ipswich Building Society we calculate affordability based on the rental cover, so for our Buy to Let expat products we're able to accept applicants paid in a foreign currency. Plus, when assessing a Buy to Let expat application we can top slice, which means we can take Sterling-only personal income into account and utilise this to ‘top up’ any shortfall where rental cover requirements are not met.

Our expat mortgage products

Expat 3.50% 2 Year Discount Rate 90% LTV

About
Fees
Apply
Representative Example
  • VARIABLE RATE currently 5.74% with a discount of 2.24% until 2 years from completion date then changing to Ipswich Standard Variable Rate
  • 5.6% APRC
  • Available for direct applicants in England and Wales
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.

11065, 67091

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£999 £199 Based on property valuation - £35 £500k
  • No charge for overpayments of up to 50% of original loan amount
  • Early repayment charge period ends 2 years from date of completion
  • Overpayment of 50% or above - early repayment charge is 1% of the overpayment
  • Redemption - early repayment charge is 1% of the original loan amount

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage):

A mortgage of £142,500.00 payable over 35 years initially on our Standard Variable Rate currently at 5.74% with a discount of 2.24% for 24 months, giving a current rate payable of 3.50%, then on our Standard Variable Rate for the remainder of the mortgage term would require 24 monthly payments of £593.21 followed by 396 monthly payments of £784.40.
The total amount payable would be £325,313.44 made up of the loan amount plus interest (£181,325.44), an application fee of £199, a completion fee of £999, a valuation fee of £160, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.
The overall cost for comparison is 5.6% APRC representative.

[This representative example is based on assumptions that the loan would start from 7 August 2018]

Expat 3.75% 2 Year Fixed Rate 90% LTV

About
Fees
Apply
Representative Example
  • FIXED RATE of 3.75% until 31 December 2020 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.6% APRC
  • Available for direct applicants in England and Wales
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.

15112, 72158

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£999 £199 Based on property valuation - £35 £500k
  • No charge for overpayments of up to 50% of original loan amount
  • Early repayment charge period ends 31 December 2020
  • Overpayment of 50% or above - early repayment charge is 3% of the overpayment
  • Redemption - early repayment charge is 3% of the original loan amount

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage):

A mortgage of £189,000.00 payable over 25 years initially on a fixed rate of 3.75% until 31/12/2020 and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 27 monthly payments of £977.02, followed by 273 monthly payments of £1,177.56. The total amount payable would be £348,327.42 made up of the loan amount plus interest (£157,819.42), an application fee of £199, a completion fee of £999, a valuation fee of £180, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. The overall cost for comparison is 5.5% APRC representative.

[This representative example is based on assumptions that the loan would start from 25 September 2018]

Expat Buy to Let 3.70% 2 Year Discount Rate 75% LTV

About
Fees
Apply
Representative Example
  • VARIABLE RATE currently 5.74% with a discount of 2.04% until 2 years from completion date then changing to Ipswich Standard Variable Rate
  • 5.6% APRC
  • Available for direct applicants in England and Wales
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.

24029, 24030, 24031, 24032

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£1,499 £199 Based on property valuation - £35 £500k
  • No charge for overpayments of up to 50% of original loan amount
  • Early repayment charge period ends 2 years from date of completion
  • Overpayment of 50% or above - early repayment charge is 1% of the overpayment
  • Redemption - early repayment charge is 1% of the original loan amount

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage):

A mortgage of £266,250.00 payable over 25 years initially on our Standard Variable Rate currently at 5.74% with a discount of 2.04% for 24 months, giving a current rate payable of 3.70%, then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 24 monthly payments of £1,369.48 followed by 276 monthly payments of £1,661.36.
The total amount payable would be £491,966.88 made up of the loan amount plus interest (£223,618.88), an application fee of £199, a completion fee of £1,499, a valuation fee of £270, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 5.6% APRC representative.

[This representative example is based on assumptions that the loan would start from 3 September 2018]

Expat Buy to Let 3.95% 2 Year Fixed Rate 75% LTV

About
Fees
Apply
Representative Example
  • FXED RATE of 3.95% until 31 December 2018 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.6% APRC
  • Available for direct applicants in England and Wales
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.

29086 - 29087

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£1,499 £199 Based on property valuation - £35 £500k
  • No charge for overpayments of up to 50% of original loan amount
  • Early repayment charge period ends 31 December 2020
  • Overpayment of 50% or above - early repayment charge is 3% of the overpayment
  • Redemption - early repayment charge is 3% of the original loan amount

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage):

A mortgage of £300,000.00 payable over 25 years initially on a fixed rate of 3.95% until 31/12/2020 and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 27 monthly payments of £1,583.29, followed by 273 monthly payments of £1,871.43. The total amount payable would be £557,211.22 made up of the loan amount plus interest (£255,113.22), an application fee of £199, a completion fee of £1,499, a valuation fee of £270, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. The overall cost for comparison is 5.6% APRC representative.

[This representative example is based on assumptions that the loan would start from 25 September 2018]

Expat Buy to Let 4.15% 5 Year Fixed Rate 75% LTV

About
Fees
Apply
Representative Example
  • FXED RATE of 4.15% until 30 November 2023 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.2% APRC
  • Available for direct applicants in England and Wales
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.

29088, 29089

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£1,499 £199 Based on property valuation - £35 £500k
  • No charge for overpayments of up to 50% of original loan amount
  • Early repayment charge period ends 30 November 2023
  • Overpayment of 50% or above - early repayment charge is 5% of the overpayment
  • Redemption - early repayment charge is 5% of the original loan amount

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage):

A mortgage of £300,000.00 payable over 25 years initially on a fixed rate of 4.15% until 31/11/2023 and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 62 monthly payments of £1,616.69, followed by 238 monthly payments of £1,845.75. The total amount payable would be £540,087.28 made up of the loan amount plus interest (£237,989.28), an application fee of £199, a completion fee of £1,499, a valuation fee of £270, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. The overall cost for comparison is 5.2% APRC representative.

[This representative example is based on assumptions that the loan would start from 25 September 2018]

Additional information on our expat mortgages

● Available to UK nationals for properties located in England and Wales
● Available for loans up to 90% loan to value
● Maximum loan size £500,000, minimum loan £75,000
● Residential applicants must be paid in Sterling (GBP)
● Applicants must be employed by a recognised international employer/large multinational firm
● For Buy to Let, applicants can be paid in foreign currency but any other income used to 'top slice' must be paid in Sterling (GBP)
● Ipswich Building Society will consider self employed applicants subject to acceptable accounts being obtained

Your home may be repossessed if you do not keep up repayments on your mortgage.