House prices will rise between 3% & 5% across the UK this year, according to figures released by one of the major high street banks. If these figures are achieved it follows the trend of this year, the report states increase in values could be stifled by the possibility of interest rate rises. Another factor […]
Now more than ever expats are looking for ways to reduce their monthly outgoings, one of the biggest expenses most people have every month is the mortgage payment. As an expat there is a lot of uncertainty at the moment with poor exchange rates and the aftermath of Covid. It may be a very prudent […]
Double digit annual growth means the equity in many homeowners’ properties will have increased a great deal in the last two years. Figures show since the start of the pandemic the average home has increased in value by £47,568. Many homeowners will therefore be in a position to move up an ‘LTV band’. LTV or […]
Expat mortgage business continues to flourish in 2022, both re-mortgage and new applications have increased as interest rates remain in the borrowers favour but they are rising. Expats are very keen to secure and expand their holdings in the UK due to the potential long-term profits that the property market offers. A large number of […]
A former Bank of England Monetary Policy Committee member has predicted that interest rates could rise significantly in the next few years. This forecast is based on the lack of progression of the Brexit negotiations and what effect that could have on interest rates. Inflation has now caught up with wage growth causing a sharp […]
Overseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weak pound and falling property prices, according to the latest figures released The property portal found that searches for UK property by overseas buyers have grown steadily over the last 12 months. They now account for 6.6% […]
Expat landlords remain very confident despite all the tax and regulatory changes that have taken place. The latest survey taken recently shows that rental yields are growing modestly while tenant demand for buy-to-let property remains high in the UK. Expat landlords are still looking to add to their portfolios amidst all this doom and gloom. […]
UK house prices ended the year at a record high, according to Nationwide, with the price of a typical home now £254,822. This represented double-digit annual price growth (10.4%), or £24,000 on an average property. The building society said that 2021 was the strongest year for house price growth since 2006. Demand has remained strong […]
Most expats have a strong desire to buy or retain ownership of a residential property in the UK due to ever increasing property prices. Certain parts of the country are stagnating in terms of increasing but overall the UK market is as vibrant as ever. There is still a lack of housing which makes the […]
Brexit, a hefty COVID bill, inflation, and the rising cost of energy, are just a few of the factors causing the price of everything to go up. So it is understandable that there’s a marked level of fear among homeowners at a rise to interest rates. Is it justified? In my opinion, no. Firstly, interest […]
