Penrith Building Society reenters expat mortgage market, offering buy-to-let and holiday let loans up to £450,000.

Penrith Building Society is reintroducing mortgage products for expats looking to invest in buy-to-let and holiday lets in England, Scotland, and Wales. The products, launching on November 13, offer a maximum loan-to-value ratio of 70% and a loan cap of £450,000. The expat BTL remortgage includes a free valuation up to £1 million. This relaunch follows earlier success and aims to meet broker demands, according to Tim Vigeon, the company's head of products.

November 12, 2024
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