uk property holiday let expat buy-to-let

Expat Buy-to-Let Mortgages

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Expat Buy-to-Let Mortgages. Wise investors are selective!

It is always recommended to be very selective before deciding on what mortgage best suits your needs. With the deals on offer it always pays to look at all the options, as an example a long-fixed rate deal may be very prudent with the fear of more interest rate rise looming.

An independent broker is recommended, and they will point you in the right direction plus save you time and money.

What a broker will do for you to save time and money?

The independent broker 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.

Expat buy-to-let market is stable and thriving.

The expat buy-to-let mortgage sector has been more resilient than the residential mortgage one during the past six months.

Despite initially pulling deals from the market, mortgage choice has been on a broadly upward trend since October 2024, while the small fall in average rates suggests the market remains competitive and lenders are keen to do business.

Limited company expat buy-to-let mortgages.

As this area of expat buy-to-lets mortgages grow so has the choices to the borrower. Mortgage providers have not been slow to increase the number of fixed and tracker deals. Also, the charges and interest rates have reduced as popularity has increased which goes to prove lenders are in fierce competition to secure new expat business.

Need some help?

If you need assistance when choosing your next mortgage call one of our experienced independent advisers and we will be pleased to assist.

 

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Best Mortgage Deal for Expat Landlord

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Best Mortgage Deal For Expat Landlord. Firstly The latest data and analysis highlighted failing to switch mortgage issues. Lapsing onto their lender’s Standard Variable Rate (SVR) has seen the average landlord hit with £2000 a year in extra interest.

According to the study, which looked at 5 major expat UK lenders. As analysed the jump in interest charges from each provider’s best two-year fixed rate deal to their associated SVR. Which a borrower is typically transferred to once their introductory period comes to an end.

As of January, this year, the average landlord slipping onto their lenders SVR after the initial two-year fix. They faced an extra £2,100 a year in interest payments, equating to £175 a month.

A mortgage for an expat landlord is likely to be the most expensive monthly commitment and therefore vitally important to be cost effective.

If you are confused with the mortgage plan you have do get independent advice as soon as possible. Failure to do so could be costing you thousands.

Expats are using an independent broker more and more.

Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage.

A survey showed using a broker will reduce completion times. They are fully versed in the expat mortgage process and able to react to the lender’s requirements much quicker.

Why independent?

Very simple you will have a much bigger choice of deals as an independent is not tied to any one company.

Help required?

Finally If you would like to discuss your current mortgage or require a new or re-mortgage, please do make contact. One of our qualified independent advisers will be happy to assist.

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UK Mortgage for Expat

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UK Mortgage For Expat. Expats looking at buy-to-lets for a secure second income

Firstly The report from financial intermediaries revealed that 70% of respondents had seen a rise in enquiries. All from British expats about buy-to-let mortgages for UK property.

These findings reflect the growing demand for buy-to-let mortgages from overseas investors. As such due partly to the strength of foreign currency against the pound.

What seems to be ongoing is investors, including expats, looking for good buying-to-let properties in Britain, but perhaps focusing on lower loan-to-values and using larger deposits to take the various changes into account, as well as adapting their portfolios and business models to maintain their profitability.

Given the strong rental market in the UK, it appears that expats are still keen to keep a foothold on their home property ladder, and whilst the buy-to-let market has faced a number of challenges recently, those taking a long-term view seem undeterred.

Good potential longer term returns

The reason for this optimism is due to the growth in demand for rental property, falling rent arrears and rising rents during the last year.

A recent survey found that 50% of expat landlords had achieved returns of between 6% and 8%. When you think of the returns a high street bank offer on investments these returns seem on paper to be very good indeed.

With rising property prices this meant that almost a third of expat landlords are enjoying rising equity in their property. And with a loan to value ratio of between 30% and 40%.

Home ownership in the UK has fallen to its lowest level for 25 years. With property prices continuing to increase, tenant demand is set to increase during 2015 and beyond.

Like to talk over your needs?

Finally if you are an expat looking for a new or re-mortgage, please do make contact. One of our qualified independent advisers will be happy to help.

 

uk property holiday lets mortgages

I Need An Expat Mortgage

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I need an expat mortgage. Who needs an expat mortgage?

Firstly Britons living abroad, either temporarily or permanently, will need to obtain a mortgage from a lender that has chosen to lend to expats.
Typically, expats are looking to invest in buy-to-let property whilst living overseas. Also perhaps to provide an income in retirement or even to live in upon their return. Expat holiday buy-to-lets are getting more profitable.

The rise in stay-cationing has fuelled an increase the use of properties as holiday lets. 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 let. As are would-be investors who dream of owning a holiday cottage that will pay for itself.
The result, lenders have witnessed a rise in mortgages for holiday let mortgages. 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.

Exchange rates when I need an expat mortgage.

Whilst fluctuating exchange rates can, at times, provide a good opportunity for investors, it is also true to say that many expats earn better salaries abroad than they would do here in the UK. A lower cost of living means they have more disposable income and want to invest in UK property. Aside from investors enquiries from individuals looking to buy properties for their families to live in. Also frequently where children are involved, and the preference is for them to be schooled in the UK.

Selecting a mortgage to suit your needs.

Securing an expat mortgage doesn’t have to be difficult. It is always recommended to get expert professional help. As such using a specialist expat broker will without doubt give you the edge. Brokers are experienced in this type of mortgage process.

Can we help?

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