Yacht crews living offshore are seeing their applications for an Expat mortgage complete faster. Approvals for house purchases in the UK by expats increased towards the end of 2022 and 2023 has followed the same pattern according to the latest figures from the Bank of England. The number of expat yacht crew loan approvals for […]
Yacht Crew Mortgage Advice. If you are from the UK and are a UK national but are living or working abroad as a yacht crew for a period of time then you may be able to get an expatriate mortgage. Expatriate mortgages are much like standard UK mortgages. There are some lenders who specialise in […]
Expat yacht crews are using broker services to their benefit. A recent survey of expat yacht crews found they are using an independent mortgage adviser when looking for an expat mortgage. Its survey of over 400 crews found that only 31% weren’t employing the services of an independent broker. There are plans to use the […]
This financial year has seen more new expat mortgage business being conducted than this time last year and applications are still rising as the year progresses. Mortgage rates are at last are levelling out fuelling the increase in business being done in all sectors of the mortgage market. Even with the recent base rate rise […]
If there is one area of the mortgage market many expect to present a challenge then it is the expat buy-to-let, but its demise has been greatly exaggerated. This year alone has seen more new expat buy-to-let deals complete than at any time in the last 5 years. This is a sector that has confounded […]
Almost 5.3 million Britons live or work outside the UK and many of them don’t want to give up property ownership in the UK. Over the past 20 years expat mortgages have grown in stature as more Brits see owning a property in the UK as a very good long-term investment. Who needs an expat […]
Last year saw a record level of expat buy-to-let mortgage approvals as expat landlords look to increase their portfolios. Recent surveys of expat landlords clearly reveal they are in the market to increase their holdings as quickly as possible. The reasons are numerous for this trend, but it felt within the industry that Brexit has […]
The UK buy-to-let market “may have turned an important corner” with major lenders launching lower rates for expat mortgages at less than 1% over the Bank of England base rate. This coincides with property portals, Zoopla and Rightmove, saying that the supply of houses put on the market rose by 5.9% in January with […]
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 […]