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Holiday Let Mortgage for UK Expat

Expat holiday buy-to-lets are becoming very popular

The rise in buy-to-lets being converted to holiday lets has fuelled an increase in mortgage enquiries from expats. Expats are attracted by the potential returns and keen to diversify their portfolios, existing expat buy-to-let landlords are expanding their portfolios into holiday lets, as are would-be investors who dream of owning a holiday cottage that will pay for itself.

As a result, lenders have witnessed a rise in mortgages for holiday let mortgages, i.e., loans for properties that will be rented out on a short-term basis, for at least part of the year to tourists – as a business.

These commercial transactions are not difficult to administer, due to the power of the internet, but like all niche products, they do require a certain level of understanding.

The number of lenders in the expat market is relatively small, although this is changing. In the past, holiday let mortgages were usually confined to mutuals, however, in recent years other lenders, including some specialist expat funders, have joined the fray.

For the most part, standard buy to let mortgages are designed for use on properties that will be let for a minimum of six months on assured shorthold tenancy agreements (ASTs).

Expat successful mortgage applications are up from 2023 by 14.4%.

It also seems that expat first-time buyers are the ones having the most luck. Over two-thirds of mortgage applications by expat first-time buyers were successful in the first four months of 2024.

Like to know more?

 Our experienced independent expat advisers are waiting to help you.

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Mortgage Broker for UK Expat

Mortgage Broker For UK Expat Mortgages is advised. Is using a specialist expat mortgage broker for you?

If so, the mortgage broker for UK Expat will take control of the mortgage process. Therefore relieving you of the stress and paperwork. They will be able to deal with the mortgage company supplying the loan and answer any queries they may have, saving you time and money.

Selecting a mortgage to suit your needs will save money in the long term

Securing an expat mortgage doesn’t have to be difficult, it is always recommended to get expert professional help. Using a specialist expat broker will without doubt give you the edge as they will be experienced in this type of mortgage process.

Expats landlords – What is in store for 2025

With the fresh new year just a couple of months away there is much to consider. Thoughts of course turn to planning for what might be coming over the horizon!

For the expat buy-to-let market there have been some significant ups and downs. Particularly for expat landlord borrowers who have had deals ending in the last few months. Indeed expat landlords are looking at what finance they can secure in the future, from both a purchase and re-mortgage perspective. Getting specialist help will help ease these issues.

Many positives for 2025

The expat investor whether new or existing can be encouraged by the fact good rental property is in high demand in the UK. Mortgage rates now seem to be stable and property values continue to increase. So, all in all there is plenty of reasons to be optimistic your investment is sound and profitable.

Help required?

Finally if you are an expat looking for a new or re-mortgage, please do get in touch. One of our fully qualified independent advisers will be happy to assist.