Business panel: Expat buy to let mortgages in UK

Marsden Building Society is supported by SPF Private Clients’ lender panel offering mortgage solutions for Guernsey residents. Rob Pheasey, chief executive at the Marsden, discusses how Guernsey residents can obtain a mortgage from Guernsey’s newest lender to purchase property in the UK to rent out.

‘GUERNSEY customers looking to purchase a property in the UK now have more choice with Marsden joining the Guernsey lenders. If you’re looking for options available, speak to SPF Private Clients for a view on what mortgages are available and whether you fit the eligibility requirements.

Expat Buy to Let mortgages in Guernsey give options to customers looking for a mortgage on a property in the UK that they will rent out. Guernsey residents have access to two and three-year products available with interest rates available from 2.99%, £299 booking fee and 0.60% arrangement fee. The range is available up to 65% loan to value on properties up to the value of £750,000.

Affordability is normally assessed on the rent covering the monthly cost of the mortgage. However, we can also consider employed income should there be any rental shortfall. In addition to this, for customers looking to remortgage their existing buy to let property, there’s fee-assisted legals to support you.’

.Marsden’s mortgage solutions are available with the expert mortgage support from SPF, who have been working together with the building society for over two years developing propositions that meet the needs of Guernsey residents.

Established in 1860, the Marsden brings a wealth of lending experience to the island and partnered with SPF Private Clients to deliver more choice for Guernsey residents.