Complete FS launches expat BTL product

The product is available as a purchase or remortgage at a discounted rate of 4.49% for 2 years, up to 75% LTV, for loans from £125,000 to £1,500,000.

Tony Salentino, Director at Complete FS, said:

"This kind of bold product initiative from KRBS will be applauded by intermediaries because it demonstrates the importance of looking at the needs of borrowers and bringing innovative thinking to meet those requirements.

"There is a growing number of expats looking to reestablish a base in the UK for the future or wishing to refinance existing property and this product goes a long way to cater for them."

He added, "At Complete we want to offer cutting edge ideas to our introducers and we shall continue to search out specialist niches which we believe offer great value to brokers and their clients."

Andrew Ferguson, Head of Sales & Distribution at KRBS, commented:

"We have seen great interest in the Buy to let market from Landlords who are UK citizens but based overseas; classic ex-pats. Offering a product targeted specifically at them demonstrates that they form a valuable niche and makes it easier to offer them a competitive service rather than make things more complex.

"Complete FS have a strong reputation for helping niche customers so are a natural partner for Kent Reliance with this limited distribution offer."