Remortgaging BTL property when temporarily overseas

Talonpaws

We are a British couple in France for another 3 years, and one of us is on secondment from UK office and paid in GBP and the other is on secondment to OECD and paid in Euros. We are trying to find out how we can remortgage our UK property (still as a buy to let) while resident in France. Most of the rates we've seen require us to be resident in UK (which we're currently not) or are very high. Can anyone advise us of any options or recommended providers? Many thanks in advance. 

dimbo61

Why not contact a whole of market BTL mortgage brokers and ask them how you can do this.
They can search the market and find the best deal for your current circumstances

jamielutz1987

@Talonpaws Are you with a mainstream lender? Given that you are resident overseas, it might just be much simpler (and potentially the cheapest option) to just do a product transfer and stay with the current lender. No income checks, credit checks, etc.

Talonpaws

Our current lender requires us to go through a broker even to remortgage, so we can’t discuss this with them directly. Do we need specialist expat brokers to look into this or can any broker do this? We wrote to 2 firms that said they specialised in expat mortgages but they were very unresponsive. Thanks for any advice. 

jamielutz1987

@Talonpaws Who is the lender?

You can do a product transfer through a broker, again no checks. Unless you are with an expat lender/product already, it should be possible through any normal broker.

Broker will collect KYC docs but that's it.

If it's a broker-only other you could just go back to the original broker that you used?

Talonpaws

Thanks for the help. Our original broker was through Which? Mortgages and we’d never use them again. We’ll try contacting the lender as you say and then look for a recommended broker. Thanks again. 

jamielutz1987

@Talonpaws
In that case it probably wouldn't come as a surprise to you that Which? Mortgages shut down a year or two ago