5.59% HMO Expat 5 Year Fixed Rate to 28/02/2031 (XF1156) - XF1156

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Initial Rate	Initial Rate Ends	Follow On Rate	Max. LTV	Application Fee	Product Fee	Cashback on Completion	Repayment	Interest Only	FTB
5.59%	28/02/2031	8.44%	75%	£175*	1.00%~	£0^	No	Yes	No

Purpose - HMO Expat applications for Purchase and Remortgage
Loan to Value - Maximum 75%
Fixed Rate end date - 28/02/2031
*Application Fee - £175 + Valuation Fee
Valuation Fees (Purchase and Remortgage) - The HMO valuation fee scale applies, less £330 discount
^~Product Fee - 1% of the loan amount, subject to a minimum of £1,000
Early Repayment Charges - 5% until 28/02/2027, 4% until 28/02/2028, 3% until 28/02/2029, 2% until 28/02/2030, 1% until 28/02/2031
Maximum Loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
Minimum Loan - £45,000 for Purchase and Remortgage
Cost for comparison - 7.7% APRC.

UK Expat applicants

Certified copy of UK passport
Certified proof of address (Utility bill, bank statement, credit card statement, driving licence)
Copy of any ID card for the applicant's country of residence if one is issued, and a resident's permit / Visa
We will also contact the applicant's employer or accountant to confirm the residential address held for them. We will require the employer / accountant email address so we can request this
If you have provided face-to-face advice (or, for example, via video), documentation can be Intermediary Certified. Otherwise, certification will need to be done by the applicant's overseas bankers or a lawyer in their country of residence.

Other Expat applicants

Applicants are required to provide a UK contact where the Society is able to serve notice regarding the mortgage. This can be a UK Solicitor or close family member in the UK.

All applicants

ID documents if the electronic check we carry out on the applicant fails
Applicants are required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide these on submission.

Remortgage applicants

A copy of the existing / proposed tenancy agreement
Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this).

Purchase applicants

Evidence of deposit in a UK account held by the applicant(s)
For gifted deposits, we require a signed gifted letter from the giftor plus evidence of funds in a UK account.

Applicants with four or more mortgaged Buy to Let properties

We will treat these applications as a portfolio landlord and we require details of their full portfolio and a business plan. Download the assets and liabilities form and the business plan checklist.

Fees for this product

Purchase and Remortgage fees

Application Fee - £175 + Valuation Fee
Valuation Fees (Purchase and Remortgage) - The HMO valuation fee scale applies, less £330 discount
^~Product Fee - 1% of the loan amount, subject to a minimum of £1,000.

Procuration Fees (gross fee paid)

For all types of procuration fees paid and for further fee information, please click here.

Criteria checker

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Simply type your criteria to see our levels of acceptance and flexibility.

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator