The UK housing market without doubt still offers remarkable value for money if you own a property or can afford to buy one. Anybody who owns a property in a good area of the UK over the last 10 years would have seen their investment grow substantially. Traditionally the UK property market has always offered […]
Almost five 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 10 years, expat mortgages have grown in stature as more Brits see owning a property in the UK as a very good long-term investment. It’s no secret that most […]
Expats are cashing in The expat new and re-mortgage market last year saw increased activity especially towards the latter part of the year. Applications for re-mortgages rose by 48% over 2016 and have to date continued in the same vein into 2018. With the value of UK property still on the rise month on month […]
Expat re-mortgage loan approvals hit a nine-year high in November, just as borrowers were experiencing the first base rate rise in over a decade, Bank of England figures show. The Bank of England base rate was increased from 0.25% to 0.5% in early November – the first increase in more than 10 years. That month […]
The Bank of England left monetary policy unchanged in December, as had been widely expected. After raising interest rates for the first time in more than a decade in November, the Old Lady of Threadneedle Street was always set for a quiet month, and that proved so, with the bank leaving interest rates unchanged at […]
The mortgage market for expats grew between October and November after the first interest rate rise for a decade with approvals up 2.5% month on month, the latest data shows. It may have been a case of expat borrowers looking to switch from variable rate products and lock into lower fixed rate deals. However, approvals […]
Mortgage rates have been falling consistently for the past 24 months. Both fixed and tacker interest rates are now at the lowest they have been for a good many years. Rates are increasing slightly since the announcement of the bank base rate increase but are holding steady. The question is for how long? Expats should […]
New research reveals that expats and foreign nationals are snapping up UK property, while the pound is weak and prices remain very affordable outside London and the South East. The new figures show that there has been a 20% year on year increase in expats and foreign nationals investing in UK property. These buyers are […]
Re-mortgaging has reached record levels and now accounts for 37.5% of all mortgages conducted according to recent research. The proportion of expat re-mortgages has risen by nearly 13% over the last 12 months, as homeowners are increasingly switching mortgage companies to find more attractive rates. The promise of increased interest rates has no doubt helped drive […]
The last few months of this year has seen a record level of expat buy-to-let mortgage approvals as landlords look to increase their portfolios. Our recent survey of expat landlords clearly reveals they are in the market to increase their holdings as quickly as possible. The reasons are numerous, expats are very encouraged by the […]
