Family Building Society
Is your client looking for an expat mortgage?
At Family Building Society, they offer a range of expat mortgages in over 40 countries, including most European countries and a number of Gulf States.
They’ve also made some significant rate reductions to their mortgage product range, which will make your clients even happier!
How can the Family Building Society help?
- Expat products available on an Interest-Only basis for both owner-occupier and Buy-to-let.
- They accept applications for expats in over 40 countries, and a further 9 countries are eligible through their packager partners, subject to stricter requirements.
- They lend to UK nationals working abroad with families remaining in the UK and UK nationals working in the UK but paid in foreign currency.
- No minimum income for Buy to Let applications and no portfolio limits.
- Minimum loan reduced to £45,000 for their 5-year fixed rate through their packager partners and £100,000 for their 3-year fixed rate products.
Find out more here and see how they can help your clients.
Family Building Society adopts a sensible and pragmatic approach to lending. Unlike many lenders, they assess each application individually. Moreover, their evaluation process focuses on the unique circumstances of every borrower.
Instead of relying solely on predefined criteria, they consider a broader financial picture. For example, they review income sources, outgoings, and financial commitments. Consequently, this holistic method allows for more flexibility and tailored decisions.
Additionally, Family Building Society conducts personalised credit checks to ensure fairness. This approach supports clients with non-standard incomes or complex financial profiles. It also increases the likelihood of approval for suitable candidates.
Semi-exclusive products
Did you know there are additional mortgage options beyond the standard product range? These semi-exclusive products can offer unique benefits. They are available through specialist packaging partners, providing tailored solutions for specific borrower needs.
For instance, semi-exclusive products often feature competitive rates or bespoke criteria. This makes them ideal for clients with complex financial situations. Additionally, these products are less widely available, creating opportunities for brokers to offer something distinctive.
To learn more, connect with your local Business Development Manager. They can guide you through the process and help identify suitable packaging partners. Furthermore, they can provide insight into how these products fit within your client offering.
In summary, leveraging semi-exclusive products can set you apart in the competitive UK mortgage market. By exploring these options, brokers can deliver greater value and diversify their services effectively.
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