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PRODUCT ANNOUNCEMENT - NOVYY LAUNCHES FOREIGN NATIONAL LOANS TO FORAY INTO BTL MORTGAGES.
COMPLETION ANNOUNCEMENT - 23 KING RICHARD STREET, COVENTRY WAS COMPLETED ON 30-7-2023. THIS 8-BED HMO IS NOW IN A PART OF THE NOVYY ROOMS PORTFOLIO.
COMPLETION ANNOUNCEMENT - 70-74 COLCHESTER STREET, COVENTRY WAS COMPLETED ON 14-7-2023. THIS COMPLETES 50 ROOMS IN NOVYY ROOMS STUDENT HOUSING PORTFOLIO.
COMPLETION ANNOUNCEMENT - 2 COLCHESTER STREET, COVENTRY WAS COMPLETED ON 28-4-2023. THE TENANTS REMAIN IN-SITU AND THE KEYS WILL BE COLLECTED ON 02-5-2023.
ACQUISITION ANNOUNCEMENT - AN AGREEMENT HAS BEEN REACHED TO ACQUIRE A 7-BED HMO WITH TENANTS IN-SITU AT 2 COLCHESTER STREET, COVENTRY.
COMPLETION ANNOUNCEMENT - 49 SEVERN ROAD, COVENTRY WAS COMPLETED ON 10-10-2022. THE PROPERTY TENANCY HAS BEEN AGREED EFFECTIVE 01-11-2022
SENIOR LENDING FACILITY ANNOUNCEMENT - WE ARE DELIGHTED TO SECURE £100 MN FACILITY FOR NOVYY FI-TO-LET. JOIN US TODAY

What is a Foreign National Loan?

Foreign National Loans are financial products designed specifically for investors looking to purchase a property in a country other than where they are a citizen or ordinarily resident. These loans specifically cater to foreign nationals and non-residents, their unique needs and circumstances, making property financing more accessible. They comply with international financial standards and remove common barriers connected with cross-border property transactions, making foreign property ownership more practical, simple, and legal. Novyy is a specialist lending aggregator helping foreigners seeking to own investment properties in the UK. Capital raising available for non-individual customers.

Product Features

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Property Location

Financing available for a range of properties situated anywhere in England and Wales

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Loan To Value

Up to 75% of the Purchase Price or RICS Valuation, whichever is lower

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Finance

Minimum £150,000 and Maximum £1 Million for first time customers

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Ownership

SPV Financing only - UK Limited Companies

Applicant Eligibility

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All nationalities welcome

We work with investors from around the world subject to KYC-AML checks

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No Minimum Income threshold

We appraise the property, not the customer, under our novel financing model

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PROOF OF DEPOSIT

We will need to verify proof of funds for deposit coverage before we commence property due diligence

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6 months bank statement

We will need to examine six months of bank statements for AML purposes

Eligible Properties

Learn how to go about searching your ideal BTL property

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Financing Options - Single Unit Range

Rate Type Completion fee up to 65% ltv up to 75% ltv up to 80% ltv
5 Year Fixed 5% 6.89% 6.99% 7.39%
7 Year Fixed 5% 6.79% 6.89% 7.29%
1 Year Discount Tracker 5% BOE + 2.99% BOE + 3.04% N/A
2 Year Discount Tracker 5% BOE + 2.69% BOE + 2.74% N/A
Lifetime Tracker 5% BOE + 3.75% BOE + 3.8% N/A
*Ask for HMO and MUFB rates

Learn how to go about calculating Interest Coverage Ratio before applying

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Home Buying Process in the UK

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Property Viewings and Shortlisting
  • Initial offer subject to valuation
  • Application
  • Valuation
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Final offer and Acceptance
  • SPV Setup
  • Bank Accounts & Deposits
  • Solicitors Pack
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Exchange of Contracts
  • Balance of Deposits
  • Exchange of monies between Solicitors
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Completion
  • Balance of Payments
  • Exchange of monies between Solicitors
  • Land Registry

Learn more about Home Buying Process in UK

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Loan to Value Calculator

Calculate your monthly interest payments here. With our interest only loans, you can now buy properties anywhere in England and Wales, rent them out to cover your interest or keep it as a second home. We offer loans to all nationalities.

Check eligibility

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Loan

£ 75000

Disclaimers

Buy to let mortgages are not residential mortgages and not regulated by the Financial Conduct Authority (FCA).
Your property may be repossessed if you do not keep up with the payments.

Frequently Asked Questions

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