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Why Foundation for your Expat and Foreign Nationals clients?
Our Expat and foreign nationals' criteria continues to deliver exceptional value for your clients.
Discover our range of Expat products, including options for Green, HMOs, large HMOs, and Multi-Unit Blocks, available to UK nationals living as Expats worldwide who apply as individuals or limited companies.
Expat Key Product Highlights:
- Available to UK nationals living worldwide
- Individual and limited company applications
- Up to 75% Loan-to-Value (LTV)
- Available for retired Expats subject to proof of income in retirement
- For purchase and remortgage
- Early remortgage available
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As well as opening up our Expat range to individual landlords, we have simplified or removed some underwriting requirements to improve efficiency, including:
- 125% for basic rate taxpayers & limited companies
- 145% for other tax brackets
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Got any foreign national clients?
The process might seem daunting, but Foundation Home Loans accepts non-EU, EEA, and non-UK foreign nationals, potentially opening doors for many foreign property buyers.
What is our criteria?
We accept applications from Non-UK foreign nationals so long as they meet the minimum residency requirements at the time of the application:
- Indefinite leave to remain (settlement)
- Right of abode
- For EU/EEA/Swiss nationals: Settled or pre-settled status
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What if your client doesn't meet these criteria?
We use manual underwriting, which means we can be flexible regarding decisions. We may still consider your client's application if you can provide the following:
- A suitable working visa that allows them to extend their stay in the UK
- A visa that permits them to apply for indefinite leave to remain
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Nathan Goodridge, Head of Sales, said:
"At Foundation Home Loans, our criteria is built to embrace the diverse needs of foreign nationals and Expats investing in UK property. From EU citizens to global professionals, our flexible approach covers multiple countries, offering solutions for individual landlords and limited compaiess alike. We understand these unique challenges, so we've streamlined our process. We now require just one year's income evidence and accept a wide range of residency proofs. Whether it's a standard buy-to-let or a more specialist asset, such as HMOs, multi-unit blocks, holiday lets or even semi-commercial property - our range of products up to 75% LTV demonstrates our commitment to making UK property investment accessible to a global audience."
To find out more about our Expat and foreign national’s criteria, Contact our expert IBDM team. |
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Paratus AMC Limited trading as Foundation Home Loans (FHL) (Company registered in England with No.3489004) whose registered office is at No. 5 Arlington Square, Downshire Way, Bracknell, Berkshire, England, RG12 1WA. Telephone: 0344 770 8030, Fax: 0344 770 8040. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority under authorisation number 301128. |
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