Are Expat Mortgage Rates Reducing ?

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Are Expat Mortgage Rates Reducing ?

The UK expat buy-to-let market “may have turned an important corner” with major lenders launching lower rates for expat mortgages.

We are now seeing at least one lender offering UK mortgages for expats at a margin of less than 1.5% over the UK base rate. It is another signal that markets are returning to a new normal, with the UK base rate now expected to remain at a higher level than was the case since the financial crash of 2008/2009.

The inevitable result of higher UK base rates is that lenders are having to trim margins to remain competitive.

House prices have remained solid and seem to be recovering in many parts of the UK despite steeply rising mortgage rates, the supply of homes for sale has been outstripped by demand for property.

The expat mortgage market has grown significantly over the last 10 years and lenders are very keen to secure your business.

With the correct advice and support securing an expat mortgage can be a very simple process.

Getting this support is a vital component in the chain of events, due to the applicant’s location, as it is likely he or she will be living abroad.

Using an Independent broker registered with the FSA in the UK you’ll enjoy a number of advantages compare to “going it alone”.

These include:

  • Choice of deals currently available
  • Choice of lenders
  • Expert advice
  • Fully qualified adviser
  • FSA regulated.

Selecting the correct deal for you can save a large amount of money in the long term.

Help needed??  

If you need expat mortgage advice, please do make contact and one of our independent advisers will be happy to help.