Victoria is an Expat living in Canada.

Victoria, a British National, moved to Canada 19 months ago to take up a new role. She retained her UK residence and has let this after obtaining consent to let from her current lender.

Having settled, she is now wanting to buy a property in Canada and use the equity in the UK property to raise a deposit. She is looking to maximise the borrowing available to her.

Being an Expat in Canada and wanting to raise monies to buy a property over there has made it difficult to find a lender.

  • Vida’s Buy to Let lending criteria focuses on the property's rental income. Victoria’s tax status was verified and taken from her latest SA302 and tax year overview. No Canadian income verification was required.
  • Victoria visited a local office of an International Law Firm who certified her proof of ID and address in Canada.
  • Vida’s underwriters were able to use Victoria’s UK credit profile to help manually assess and understand her unique situation leading to her being able to borrow 75% LTV on her UK property.
  • Victoria was able to release the funds required to buy her new property in Canada.
  • 2 year fixed from 3.24%
  • 5 year fixed from 3.44%
  • Up to 75% LTV*
  • Product Fee 1.5% (min £795) which can be added to the loan
  • First time landlords considered up to £500,000
  • No minimum income when application is self-funding
  • HMO and MUBs accepted
  • Available to individual and Limited Company SPVs
  • We lend on properties across England, Scotland and Wales
    • *Australia max LTV 70%. Expat rates quoted based on borrowing of 70% LTV, 75% LTV also available.

    Call our Telephone BDM Team now on 03300 246 246 to discuss your next case and see how we can help.
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