Marsden enhances expat mortgage criteria

Marsden Building Society has introduced a number of enhancements to its expat mortgage criteria, including improved options for expats purchasing flats.

The latest changes apply across both the Society’s residential and buy-to-let expat products, offering greater flexibility and support for UK and foreign nationals (with permanent rights to reside) living overseas. 

As part of the updates, the maximum LTV for flats has increased from 60% to 75%, maximum permitted storeys has increased from 6 to 8, and maximum storeys with lift requirement is up from 4 to 6.

In addition, 100% flat roofs will now be considered, subject to valuers’ comments.

Finally, the minimum property value has reduced from £167,000 to £150,000 for expat buy-to-let solutions only. 

Jo Cave, head of mortgages at Marsden Building Society, said: “Supporting expat borrowers is an important part of our specialist lending approach. Regularly reviewing our lending policies ensures we continue to meet the evolving needs of intermediaries and their clients.

"These updates are designed to offer greater flexibility and more tailored options, reinforcing our commitment to personalised lending solutions.”