The triggering of Article 50 has been well telegraphed, so for the housing market, it’s more about how the subsequent negotiations go. To date we are all getting very mixed messages as to the general outcome of the talks. One thing is very clear, the expats living overseas currently are not panicking in the slightest […]
March’s gross mortgage lending to expats has increased by 4.8% from last month, this is the fourth month on the run. In addition to the month on month increases lending this year has increased 14% overall. Experts believe these strong figures are down to the Brexit negotiations progressing albeit slowly but positively. There is definitely […]
The reduction in buy-to-let mortgage tax relief may cause more people to emigrate abroad and invest in UK buy-to-let from overseas. Those lenders not already operating in the expat marketplace will have to start thinking about tapping into it because of more people leaving the UK and becoming expats than ever before. With the Brexit […]
Expats with a mortgage in the UK will be pleased with this news. The Bank of England has kept its base rate on hold, but a May rise is still widely predicted The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 7-2 to maintain Bank Rate at 0.5%. Following an […]
Expat buyers and re-mortgagers are fixing their mortgage deals for longer as the threat of interest rate increases loom. The number of applications received for 3-5-year fixes from first-time expats buyers has more than doubled year-on-year, with 51% of all expat first-time buyer applications being for longer term deals. Re-mortgage deals are also being fixed for […]
The number of expat mortgages coming through brokers has risen steeply over the last 2 years, this figure now stands at 71% from 64% last year. There has been a steady increase in mortgages sold by intermediaries to expat buyers and re-mortgagers as the market remains very buoyant indeed. Need for help Brokers believe the […]
Mark Carney has put the country on notice – the cost of borrowing is going to rise more rapidly than the Bank of England indicated only three months ago. Savings wise, this for some could be good news. Interest rates need to go up more quickly than expected because the Bank expects the economy to […]
Against expectations, house price growth picked up last month the latest house price index has revealed. Specifically, annual growth increased from 2.6% in December to 3.2% in January this year. Expat UK property owners will be pleased to see these figures, confirming their investment is holding firm and growing through these challenging times. The figures […]
The last 12 months have seen a significant increase in expat approved mortgage applications against figures just issued for 2016. The increase shows how restrictions are being lifted as expat lenders compete for every single bit of business, this coupled with lower interest rates in real terms is indeed good news. Lenders continue to hold […]
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 Brexit situation. It may be a very prudent move […]
