Key Comparison Notes

A 1% discount off the Society’s Standard Variable Rate for 3 years making the current rate payable. 3.75%
After 3 years the Society’s Standard Variable Rate for the remaining term of the loan, currently: 4.75%
The overall cost comparison is: 4.6%

Foreign Currency Residential (Purchase & Remortgage)

Capital Repayment
Interest Only
Part Capital Repayment and Part Interest Only

The minimum loan amount is £75,000.
The maximum loan amount is £500,000.
The maximum loan to value is 75%.

Available for purchases, remortgages and mortgages on existing owner occupied (unencumbered) property and where the borrower works in the UK or overseas for a multinational company but is paid in a currency other than GBP. Acceptable currencies are: Australian Dollars, Canadian Dollar, Chinese CNY/RMB, Denmark Krone, Euro, Hong Kong Dollars, Norway Krone, Qatari Ryals, Saudi Ryal, Singapore Dollars, Swedish Krone, Swiss Francs,  US Dollar, U.A.E. (Emirati) Dirhams.

Minimum income £40,000 (sterling equilvalent). For the purposes of affordability, income will be subject to 20% (haircut) reduction, prior to any affordability assessment or the application of a stress test.

Where borrowers are looking to remortgage property, this will be acceptable to the Society. However, the Society will not offer any incentive in terms of free valuations or fee assisted legal work. These expenses will be met by the borrower.


  • An early repayment charge will be payable if the mortgage is redeemed within the first three years. The early repayment charge will be equivalent to 3% of the capital repaid.
  • Application Fee – £249   Payable on application. Non-refundable.
  • Product Fee – £1250.
  • Valuation Fee – Variable. Payable on application. Not refundable once the valuation has been carried out.
  • Mortgage Exit Fee – £50. Payable upon redemption of the mortgage.

This mortgage is portable, subject to suitable security and underwriting assessment.

Where any part of the loan is arranged on an interest only basis, the interest only element must not exceed 50% LTV. A suitable repayment vehicle sufficient to cover the interest only part of the loan needs to be in place.

This product may be withdrawn without notice.

Representative Example

A mortgage of £185,610.00 payable over 14 years on our discounted rate for 3 years at 1.00% below the Society’s current variable rate, making the current rate payable 3.75% (variable), and then on our current variable rate of 4.75% (variable) for the remaining 11 years would require 36 monthly payments of £1,421.78 and a further 132 monthly payments of £1,496.26 plus one initial interest payment of £286.04.

The total amount payable would be £250,826.03 made up of the loan amount plus interest (£63,367.03) an application fee of £249.00, a product fee of £1250.00 and a valuation fee of £300.00 and a mortgage exit fee of £50.00.

The overall cost for comparison is 4.6% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Further Expat Mortgage Products:

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
Foreign Currency Residential (Purchase & Remortgage)P007View DetailsBrokers & Direct3.75%3 YearsSVR£249£1250NoNo75%£75,000£500,0003% During Disc Period

Overpayments up to 10% of the outstanding loan per year.

Expat Residential (Purchase & Remortgage)REXPView DetailsBrokers & Direct3.89%3 YearsSVR£249£1250NoNo75%£75,000£500,0003.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.

Expat Buy to Let (Purchase & Remortgage)BEXPView DetailsBrokers & Direct3.99%3 YearsSVR£249£1350NoNo70%£75,000£500,0003.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.

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