OSB revamps expat mortgage product range

By Bridging Loan Directory -

Adrian Moloney

OneSavings Bank, the specialist lending and retail savings group, is to make major changes to its Expat mortgage product range through its trading brands Kent Reliance and InterBay Commercial.

These include the introduction of new 2, 3 and 5 year fixed rate options with new competitive pricing starting from 3.79% for Kent Reliance and from 4.45% for InterBay Commercial. Applications for HMOs and limited companies will also now be accepted on Expat terms.

To further simplify the product range at Kent Reliance, the requirement that the applicant has to be either a professional or purchasing within London and the South East has been removed. Instead there are now just two specific categories for the product range:


  • Expat Standard this includes loans to individuals on standard flats and houses


  • Expat Specialist this includes mortgages for limited companies, HMOs and student lets


Other important changes to the product range include: simplified eligibility criteria, and a minimum income of £50,000. In addition, Kent Reliance will lend to Australian Expats when the property is held in a UK Limited company.

Adrian Moloney, pictured, Sales Director commented:

“We know that many Expats choose to invest in buy-to-let property in the UK whilst living abroad as a way of generating income. However, it has become increasingly difficult for them to find or access these specialist mortgages.

“This is a relatively underserviced area and one that our brokers have highlighted that they would like to expand into. These changes will result in an improved proposition to support their customers’ needs as well as offering customers more competitive pricing.

“As brokers, and their customers, are at the heart of everything we do, we work hard to ensure that we are continually meeting their needs and exceeding their expectations.”