3mc launch new expat BTL product

Warren Lewis
14th December 2017

The deal, which is available to all intermediaries and through 3mc’s network partners The Right Mortgage and Protection Network, Sesame, Stonebridge Network, Home Loan Partnership and to directly authorised members of the PMS Mortgage Club, has the following features:

Rates: from 4.18%

Availability: Private individual British citizens residing in a FATF member country or confederation (exclusions apply)
Property type: Individual residential investment units, HMOs up to 6 beds and multi-units (up to 4 units) on 1 freehold title
Max LTV: 75% for remortgage and purchase
Income: No minimum personal income requirements except for first-time landlords
Proc fee: 0.75%

Doug Hall, Director of 3mc, said: “Investing in UK rental property continues to hold considerable appeal for British expats living abroad and this exclusive deal has been designed to cater for their needs. Individual expats can purchase a wide range of rental properties including HMOs and multi-units on a single title, with a choice of fixed and variable rate deals starting from just 4.18%. ”
Charles McDowell, Commercial Director at Aldermore, said: “We’re delighted to offer this exclusive deal via 3mc, who I know will provide brokers and their clients with a high quality service. Full product details are available via the 3mc website.”

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