At Together, we are seeing more and more Brits who live overseas turning their attention to the market back home, with many seeing Brexit as presenting an interesting opportunity to invest in bricks and mortar.

The relatively low value of the pound means expats can convert their foreign income at favourable rates to buy inexpensive property in the UK. Borrowers would then be able to benefit from long-term capital gains, while paying their mortgage through rents collected in the local currency.

And the recent tax relief changes in the buy-to-let market don’t seem to have put off these savvy expat investors. In fact, industry research published last month, revealed a 46% increase in applications in January from clients from across the globe.

Expats in Hong Kong were the most likely to invest in buy-to-let in the UK, with research revealing that applications more than doubled in the first month of 2017. There are also large numbers of borrowers from Europe, Russia and Singapore.

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In the past, overseas buyers have targeted London’s expensive property hot spots. However, more international property investors are looking outside of the capital at areas which offer better value for money and where double-digit rental returns are available. People are also tending to buy in UK locations they know, where friends or family members can look after the property while they are overseas.

Together is among a handful of specialist lenders offering expat mortgages to people who would otherwise be shut out of the market.

We offer personalised underwriting to Britons living abroad and take their particular circumstances into account.

So, as part of our improved offering, and to meet growing demand from abroad, we’ve introduced new rates for expats and those who don’t have a permanent right to live in the UK.

The feedback we’ve had from our broker partners so far is very encouraging and we believe our expat buy-to-let offering – along with other enhancements to our product ranges – will help in the continued expansion of our buy-to-let business, in line with our ambitious growth plans.