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Fixed Rate Deal For UK Expat

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Expats are looking for stability.

Expats with mortgages on UK properties are looking to lock in a longer fixed deal than ever before. Experts believe this situation has been brought about due to the uncertainty and what could happen to the mortgage market in the immediate future.

Popularity of longer-term deals had waned at the start of 2024 with expat borrowers opting to fix their mortgage for two years, according to the latest figures.

In the later part of last year demand for five-year fixed-rate re-mortgages went up 42%, representing half the market.

Lenders are eager to attract longer-term business which has created a competitive landscape for expats. This has ensured five-year average rates have remained relatively flat month-on-month.

Five-year fixed deals tend to be more popular amongst borrowers who are seeking stability. Expats will be opting for these deals to provide some certainty amid the potential economic and political upheavals in the next few years.

After hints of a rate increase earlier in the year, sluggish economic growth discouraged the BoE from raising the base rate rapidly. Yet more than three quarters of borrowers still believe another base rate increase will happen at some point in the next twelve months.

Independent brokers

It also emerged the number of expat borrowers using an independent broker to re-mortgage has also hit a record high in 2024.

 Can we help?

 If you are looking for a new or re-mortgage, please do make contact and one of our independent advisers will be happy to assist.

contact expat mortgages do i qualify

Independent Mortgage Broker for UK Expat

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Independent Mortgage Broker. Always use an independent broker for ease and efficiency.

Firstly Expats are now using an independent broker more than ever before, whether it be a new or re-mortgage. A recent independent survey showed using a broker will reduce completion times, also specialist brokers are fully versed in the expat mortgage process and able to react to the lender’s requirements much quicker.

2024 has seen a large increase of approved mortgage applications compared to the same period last year. These increases show how restrictions are being eased by lenders as they compete for every single bit of business.

Expat mortgages are now quicker to complete.

The time it takes to complete a new or re-mortgage for expat’s has reduced significantly in the last 2 years.

The industry is seeing a new application in a straightforward case complete in a matter of weeks rather than months. A straightforward re-mortgage is now on average completing in less the 6 weeks which is significantly quicker than this time last year.

A survey of expats applying for a mortgage was taken recently. This clearly showed one of the most important factors in the mortgage process was the speed of advancement. As such a close second was ease of application!

Good news is the lenders have taken notice of the findings and have reacted well by speeding up the process considerably.

Like to know more?

If you require help with your new or re-mortgage, please do contact.  Finally ss an independent mortgage broker one of our fully qualified independent advisers who will be happy to assist.

 

expat mortgage approvals holiday let mortgages

Expat Buy-to-let or Holiday-let?

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Expat Buy-to-let or Holiday Let?– better for you?

Firstly To qualify as a furnished holiday-let for tax purposes, HMRC has certain terms you must meet.

  • Your expat buy-to-let must be available for let at least 210 days a year and let out for at least 105 days a year. 
  •  Each individual furnished holiday-let property must be short term – no longer than 31 days at a time.
  • Any continuous stay of longer than that period is not counted towards the 105 days in a year.
  •  Lettings to friends or relatives at zero or reduced rates will not be counted either.

The main tax advantages of holiday lets, compared to buy-to-let properties is that you can still deduct mortgage interest. These payments from rental income reduce your profits and therefore your tax bill.

You also get to stay in the home outside that period of 210 days when it must be available to the public.

A buy-to-let mortgage is designed for long-term lettings – not for you to live in that property.

 Mortgages for this type of project are available to expats. It is recommended to consult an independent professional adviser as they will have access to the full range available.

Need assistance?

Finally If you require help with your current or new mortgage, please contact one of our experienced independent advisers who will be happy to assist.

 

uk property investment when living abroad

Buying UK Property When Living Abroad

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Buying UK Property When Living Abroad. Expat buy-to-let investments will continue to offer attractive rates of return compared to other asset classes. Expat investors have increasingly searched out cheaper and higher yielding properties, research has found.

Living abroad and buying a flat, apartment or house in the UK doesn’t have to be a tedious task. The best way to proceed is to engage an independent expat mortgage adviser as they will have access to all deals available. They also will be local and able to deal with question as they arise.

 Buy-to-Let market continues to grow!

 More and more expat investors are considering entering this market for various reasons. What can a buy-to-let investment offer you for buying UK property when living abroad?

Interest only mortgages

Good potential returns on capital invested.

Tax efficiency

Attractive mortgage interest rates

Potentially better returns than on offer at high street banks

Nearly half of 25 to 34-year-olds live in the private rented sector (48%), almost double the percentage in 2006 (24%).

There has also been a considerable increase in the proportion of 35-44-year-olds in the private rented sector over the past decade, rising from 11% to 29%.

Expat buy-to-let mortgages play a vital role in supporting housing supply in the private rented sector, with the market representing nearly 15% of new UK mortgage lending.

 Can we help?

If you are looking for a new or re-mortgage, please do make contact. One of our independent EXPAT advisers will be happy to assist.

 

remortgages expat buy to let london property

Best Expat Remortgage Rates

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Best Expat remortgage rates

If you are one of the thousands of expats who have not re-mortgaged, and you are still on a standard variable rate deal now is the time to review your circumstances. If the predictions are correct interest rates are due to rise early in the 2025 with further rises on the horizon.

Re-mortgaging numbers in particular have been rising month on month and continue to do so. Expats have recognised that interest rates could be due to increase in 2025. Many have already taken advantage of the exceptionally good fixed rate deals that are available.

The wise expat will move to re-mortgage now sooner rather than later.

Good news is there are still some very good fixed and discount deals on offer. However it’s likely they won’t be around for much longer.

Independent brokers

It also emerged the number of expat borrowers using an independent broker to re-mortgage has also hit a record high in 2024.

 2024 has seen increases activity in best Expat remortgage rates.

 Expat mortgage applications are currently at an all-time high and the outlook for 2025 remains positive.

According to recently released figures the UK property market has been the best performing in the whole of Western Europe. It is therefore not surprising that so many people want to invest in an ever-shrinking market.

Can we help?

If you are looking for a new or re-mortgage, please do make contact. One of our independent advisers will be happy to assist.