Vernon Building Society introduces Expat BTL offering with two year discount at 5.29%

03 December 2025

New product provides improved rates and flexibility for expatriate landlords in competitive BTL market

Vernon Building Society has launched a new Expat Buy to Let mortgage product, strengthening its offering to British nationals living and working abroad who wish to purchase or retain a property in England and Wales on a buy to let basis.

The new Expat Buy to Let 2-Year Discount is available at 5.29% (a 2.31% discount from SVR of 7.60%) with a £999 arrangement fee. The product is available up to 75% LTV with a maximum loan up to £1 million, with affordability calculated at Expat ICR 140%. A great benefit for clients includes 25% overpayment flexibility without charge, providing borrowers with greater control over their mortgage management.

The product is available on both limited company and consumer BTL structures. It is also open to first-time landlords, removing barriers to entry in the expatriate property investment market.

Available to British nationals in most countries worldwide, borrowers must provide a UK correspondence address, hold a UK bank account and have a minimum employment income of £30,000.

As the expatriate property investment market continues to evolve, the Vernon's refreshed product demonstrates the mutual's commitment to maintaining competitive rates and flexible terms for this specialist segment. The new offering provides brokers and their clients with improved options in a market where dedicated expat BTL products remain limited.

Brendan Crowshaw, Head of Mortgage and Savings Distribution at Vernon Building Society, says:

"The expatriate property investment market is growing rapidly, yet expat BTL mortgages remain a specialist segment with limited options. Expatriate landlords face real barriers when investing in UK property because mainstream lenders simply can't accommodate their circumstances. The Vernon's new Expat Buy to Let product brings fresh choice, specialist expertise, and the kind of personal underwriting and flexibility that matters when circumstances are complex."

Vernon Building Society's manual underwriting approach allows it to consider each application on its individual merits – a particular advantage for borrowers with complex circumstances that automated systems often cannot accommodate.