Cambridge BS increases LTV for foreign nationals to 90%

The Cambridge Building Society has enhanced its mortgage proposition for customers without permanent rights to reside in the UK, who can now apply for a mortgage for up to 90% of the property value.

Foreign nationals on a skilled worker visa, global talent visa, or health and care worker visa can now apply for a mortgage up to 90% LTV, including shared ownership loans.

To qualify, applicants must have lived in England or Wales for at least two years. For joint applications where one applicant holds permanent residency (or pre-settled/settled status), the LTV increases to 95%.

Kathy Bowes, intermediary manager at The Cambridge, said: “We are pleased to further strengthen our support for foreign nationals by increasing the loan-to-value to 90%. This change demonstrates our commitment to helping individuals who are looking to live and work in the UK after successfully applying for a visa.

“For 175 years, we’ve been helping people buy their own homes, and we’re delighted to extend this support to key professionals and workers who want to call the United Kingdom home."