It offers exclusive access to a 3.99% one-year fixed interest rate product at up to 70% LTV
Capricorn Financial Consultancy, a mortgage and property finance provider for high net worth clients globally, has unveiled an exclusive access to a one-year fixed special non-resident buy-to-let mortgage product.
The initiative aims to support eligible international investors in acquiring properties within England and Wales, with the new mortgage option featuring a one-year fixed interest rate of 3.99% at up to 70% loan-to-value.
After the one-year period, the rate will adjust to the Bank of England’s base rate plus 3.99%, and borrowers will repay the loan over a standard 35-year term. There is also an interest-only option available, which comes with a +0.75% rate loading.
The product is available on non-resident properties in England and Wales that are either currently let or will be let. Neither the applicants nor their families can reside at the property.
The mortgage is accessible to borrowers from a specific list of countries including China, the Middle East, Turkey, Malaysia, and Thailand, providing a more attractive option compared to the standard rates in these regions, which are above 8.5%.
“International buyers continue to look to UK housing stock as an attractive asset class, with London the valuable centre point,” said Conor Murphy (pictured), chief executive and founder of Capricorn Financial Consultancy.
“Stabilising house price inflation and a favourable exchange rate are continuing to boost interest in UK property, and today’s announcement is another important step in our mission to help more overseas buyers to invest in these valuable assets.”
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