Experts are predicting interest rate increases There is a lot of evidence to suggest interest rates are going to be rising sooner rather than later. Facts are a sizable number of expats have already transferred to a fixed rate mortgage deal; we have seen a significant increase in re-mortgaging since the turn of the year. […]
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 by37% over 2020 and have to date continued in the same vein into 2022. With the value of UK property still on the rise month on month expats have seen this as […]
A recent survey has claimed that thousands of expat borrowers could be missing out on a better deal by not speaking to an independent mortgage adviser when looking for a mortgage. Its survey of over 1,500 expats found that 31% of consumers who went direct to a lender didn’t understand how a mortgage adviser could […]
With the new tax changes that have come into force recently, expats are strongly advised to seek advice from an accountant on what can be done to maximise profitability. Expat landlords could be looking at reduced profitability due to the tax relief on mortgage interest paid being changed. There is also a new stamp duty […]
September 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 for this trend, but landlords are very encouraged by the […]
Britons living abroad, either temporarily or permanently, will need to obtain a mortgage from a lender that has chosen to lend to expats. Typically, expats are looking to invest in buy-to-let property whilst living overseas, perhaps to provide an income in retirement or even to live in upon their return. Whilst fluctuating exchange rates can, […]
The number of properties in England and Wales owned by foreign citizens has tripled from 88,000 in 2010 to nearly 250,000, according to new analysis by the Centre for Public Data. Over 247,000 residential properties across England and Wales are now registered to individuals with an overseas correspondence address, nearly 1% of all registered titles […]
Expat first-time buyer activity reached a 2 year high at the end of October this year after soaring more than 40% on the same period in 2020. In October alone the expat mortgage industry saw an increase in applications for new mortgages rise by 38%. These figures go to prove that expat’s still see property […]
There seems to be no stopping the buy-to-let expat market, applications for the first 6 months of this year were up again on this time last year. Expats seem to be determined to get a foothold in the UK property market and existing expat landlords are not shy to increase their portfolios either. Even with […]
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 […]
