Family Building Society extends expat mortgage country list to include Qatar, Saudi Arabia and UAE
Family Building Society (FBS) has expanded its acceptable countries list for British expats living and working overseas.
Trinity Financial has access to the products available through FBS's limited distribution panel for expats in Kuwait, Malaysia, Qatar, Saudi Arabia and the United Arab Emirates. The society also considers lending to some expats in India, Oman, China and South Africa.
Aaron Strutt, product director at Trinity Financial, says: “Many of the building societies are offering expat buy-to-let mortgages but they can be difficult to qualify for as applicants must be working for recognised large organisations that have a presence in the UK.
“More of the lenders also provide mortgages to UK nationals working abroad with families remaining in the UK. They can also lend to UK nationals working in the UK who are paid in foreign currencies.”
To meet the Family Building Society’s acceptance criteria the monthly mortgage repayments should be made from a UK bank account from the bank account where the rental payments are received. The deposit must be paid and evidenced from a UK bank account.
Call Trinity Financial on 020 7016 0790 to secure an expat mortgage