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Ex-pat criteria

Here’s a summary of our expat lending criteria.

You can download this information as a PDF

For our full criteria, please refer to our portfolio and non-portfolio lending guidelines and submission requirements.

Unfortunately, we don’t have any expat products currently available. To see the rest of our product range, click here.

ex-pat buy-to-let

Maximum LTV loan amount

The maximum loan to value per property for purchases and remortgages is:

  • Up to 70% LTV – maximum loan up to £750,000
  • Up to 65% LTV – maximum loan up to £1,000,000

Any fees that may be added to the loan are excluded from the LTV calculations, but will be included in the loan amount used in both current and future affordability calculations.


Any fees that will be added to the loan will be included in the loan amount used in both current and future affordability calculations.​

All calculations, regardless of the product selected, will be based on either the current reference rate published on our website, or the product charging rate plus 2%, whichever is the greater. Future affordability will be taken into account for all applications, and therefore may limit the maximum loan amount available. Before submitting an application, please ensure you use our online calculators to check how much we may be able to lend your clients.

The affordability of the application will be assessed as follows:

  • For individual and joint applicants, and for limited liability partnerships (LLPs) with expatriate members, the gross rental income should be equal to, or exceed, the Interest Coverage Ratio (ICR) of 140%
  • For limited company applications, the gross rental income should be equal to, or exceed, the ICR of 130%
Applicant type Single self-contained units
Expatriate applicants and LLP’s with expatriate members 140%
Limited company with expatriate directors 130%


Applications will be considered for Expatriates, who must hold a current UK passport and are residing outside of the UK in one of the following countries:







Czech Republic














New Zealand











  • Applications will be considered from limited companies / LLPs registered and trading in England, Wales or Scotland, and whose directors/members are expatriates
  • All applicants must have held a UK bank account for a minimum of three years
  • All applicants must provide a certified copy of their current UK passport, together with three separate proof of residency documents
  • A UK credit search will be undertaken wherever possible. Applications will not be considered where there is evidence of poor credit history
  • There is no minimum income requirement, but applicants must provide details of all income
  • All employment statuses are accepted, and full details must be provided as part of the application


Available for single self-contained properties only, with no restrictive covenants in place. The services of a managing agent must be engaged to oversee the property, and details of the agent must be provided prior to completion of the loan. For purchase applications, proof of the source of deposit will be required in all instances.

Submission requirements

  • A certified copy of a current UK passport
  • Three separate proof of residency documents
  • Proof of source of deposit for purchase applications
  • Details of all applicant income

Buy-to-let products

Take a look at our full range of buy-to-let mortgage products.

Get in touch

If you have a customer that you think would benefit from one of our products, contact your Regional Sales Manager for a chat before making an application.

Find the details below

Find your Regional Manager

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551