The latest data and analysis highlighted failing to switch mortgage and 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, analysed the jump in interest charges from each provider’s best two-year […]
Expats looking at buy-to-lets for a secure second income The report from financial intermediaries revealed that 70% of respondents had seen a rise in enquiries 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, due partly to the strength of foreign currency against […]
Who needs an expat mortgage? 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, perhaps to provide an income in retirement or even to live in upon their return. […]
The average holiday let generated annual rental income in excess of £25,000 in 2024, more than double the average of £12,130 for residential properties, according to recent figures!! The average holiday let property generates a whopping £1340 a week, almost FIVE times the average weekly rent in the UK. There are now over 170,000 holiday […]
Can I get a better expat mortgage rate? Expats are advised to check their current mortgage deal!! Firstly if you are one of the thousands of expats who have not re-mortgaged you may get a better rate. If you are still on a standard variable rate deal now is the time to review your circumstances. […]
Investment property for UK Expats. Average UK house prices have broken through the £300,000 mark for the very first time as the demand continues to grow month on month. According to the largest estate agent in the UK the overall average house price has risen to a staggering £304,000 in November 2024. Expats who have […]
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. […]
Fixed Rate Deal For UK Expats 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 […]
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 […]
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 […]
