If you live abroad, we can consider you for a CBTL mortgage if you are an expatriate and your situation falls under the following circumstances:
If your application meets the required Interest Coverage Ratio. Interest Coverage Ratio helps assess how easily an entity could pay the interests against any outstanding debts.
You hold a UK bank account in your name
The rent from the property must be received in sterling and paid into the UK bank account
Your country of residence is not deemed high risk