Both mortgage products are structured on an interest-only basis, requiring a minimum loan of £30,000 and capping at £500,000. The products are accessible through the society’s branch network and a select group of intermediaries.

“We fully appreciate that the BTL lending landscape remains challenging for sections of the landlord community, but it will also continue to provide a wealth of opportunities along the way, provided they have access to a range of options which can help meet their ever-shifting needs,” said David Lownds, head of products and marketing at Hanley Economic Building Society.

“Our expat offering was first introduced back in 2020, following substantial due diligence and extensive intermediary feedback and, with UK investment opportunities proving to be increasingly attractive, we hope this new offering will prove to be a popular option in what is a somewhat underserved area of the BTL market.”

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