There was a 0.9% rise in house prices on a monthly basis in January. This comes off the back of two monthly price drops in a row and gives an annual rise of 6.3%, leaving the average property asking price at the start of 2023 at £362,438. Additionally, the number of would-be buyers contacting […]
Recent figures show that an estimated 220,000 expats own property in the UK and the vast majority let their properties out to achieve extra income. Expat landlords could be looking at reduced profitability on two fronts, firstly taxation and secondly an interest rate rise which looks likely. One client of ours we recently spoke […]
Expats are releasing equity Expat mortgage business is very buoyant currently and in particular the re-mortgage area as expats look to released locked capital within their UK properties. A recent report shows the average amount released currently stands at 46,000 per case as of December last year and the number of re-mortgages rose by 21.3% […]
Mortgage rates for Expats are unlikely to improve in the near future, so now is the ideal time for Expats to secure a fixed-rate deal on their mortgage. Expats who are on a standard variable rate (SVR) or coming to the end of their term have the potential to save themselves thousands of […]
Expats who avoid reviewing their current expat mortgage deal could well pay for this error in the long term as interest rates look to be going upwards. Not everybody will benefit from changing their mortgage, but it certainly makes sense to check how your existing deal stands up to the future. A “wait and see” […]
Thousands of expat mortgage borrowers could be missing out on a better expat mortgage deal by not speaking to an independent adviser, research has found. The findings also showed that 69% of borrowers who went straight to a lender hadn’t re-mortgaged in the last five years, while 74% stayed put because they felt they […]
Overseas investors continue to benefit from the weakening pound. For those foreign nationals paying in US Dollars, the average UK home now costs 14.8% less, with the average London property costing 16.5% less While domestic buyers will feel the effects of a weak pound across the board on any imported item they buy, a […]
House prices lifted by 13.6% in the year to August, valuing the average UK property at £295,903, according to the latest Land Registry House Price Index. Average home prices across the country increased 0.9% over the month from July. In England, house prices rose 1% in the month to August and […]
