Complete FS launches expat B2L mortgage
The 4.49% 2-year discounted rate product is available up to 75% loan to value for loans between £125,000 to £1,500,000 and is aimed at expat borrowers looking to buy or refinance in the UK.
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.
“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, said, “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.”