Looking to invest in UK property from abroad? Suffolk Building Society is making it easier and cheaper than ever! They’ve just slashed rates on their expat holiday let and buy-to-let mortgages, giving you more money in your pocket.

Suffolk Building Society has announced they’ve reduced their rates by as much as 30 basis points (bps).

Let’s break it down:

• Expat Holiday Let 2-Year Fix: If you’re looking to buy a holiday home to rent out, you can now get a 2-year fixed rate of 6.09% at 80% loan-to-value (LTV). That’s a 30 bps drop from the previous rate of 6.39%. And even better, the deal’s been extended until October 31st, 2026, giving you more time to lock in a great rate.
• Expat Buy-to-Let 2-Year Fix: If you’re investing in a rental property, you can also benefit from lower rates. The 80% LTV, 2-year fixed rate has been cut by 10 bps to 5.99% (down from 6.09%), also extended to October 31st, 2026. Plus, you can get a 2-year fix with a 3% completion fee at a rate of 5.29%, also extended until October 31st, 2026.

Good News for Expats

Suffolk Building Society is looking out for expats, especially those facing the current challenges in the mortgage market. Charlotte Grimshaw, Head of Intermediary Relations and Mortgage Sales at Suffolk Building Society, said:

“As expat and holiday let specialists, we’re continually monitoring the market and reviewing our proposition. We’re aware that it’s a challenging time at the moment, especially with rates and the ICR stress tests. By repricing our expat holiday let and expat buy-to-let products, we’re helping expat borrowers, particularly with rental coverage requirements.”

In other words, Suffolk Building Society understands that things are tough right now for expats, especially with the increased stress tests they face when applying for mortgages. By cutting their rates, they are making it easier for expats to secure mortgages and invest in UK property.