Increase in expat property activity in the UK
Geoff Simmonds, head of operations at Connect Overseas, said: “With the immediate withdrawal of the Lloyds Banking Group from the expat market, intermediaries need to know there are still plenty of alternative sources.
“Currently, we can offer finance solutions for expats who have just left the UK or have lived abroad for up to 35 years.
“They can be first time landlords and we have deals for employed and self-employed clients up to the age of 80, with finance options up to 80% LTV.
“We believe expat mortgages is a growing business segment and intermediaries can take advantage of our expertise in this area either through the Connect Overseas Pro system or by speaking to one our specialist in house advisers.”