Re-mortgaging has reached record levels and now accounts for 41.5% of all expat 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 […]
Any Expats due to re-mortgage are being urged to take advantage of current low rates as soon as possible because the forecasts suggest mortgage rates will begin rising as soon as next year. The figures from the Office for Budget Responsibility (OBR) were discovered in documents, released last week, providing more detail on the Budget […]
UK house prices rose by 1.7% in September, equating to an increase of £4,400 to the value of the average property, according to the latest Halifax House Price Index. This means that UK house prices are now at a record high of £267,500. This month-on-month rise is the strongest increase since February 2007 and ups […]
The last 9 months has seen a significant increase in expat applications and approved mortgages against figures just issued for 2020. 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 for the expat […]
Eight in 10 expat borrowers searching for mortgages in August were looking at fixed-rate deals, according to new analysis. Fixed-rate mortgages are, as the name suggests, deals in which the interest rate remains the same for the term of the deal. Borrowers can choose deals in which they fix their rate for two, five-years or […]
Overseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weak pound and the political uncertainty over Brexit which continues, according to the latest figures released The property portal found that searches for UK property by overseas buyers have grown steadily this year. They now account for […]
Scenario I want to get a residential mortgage and have a deposit of about £75,000. I am self-employed, a UK resident and earn – and pay tax on – all of my earnings in the UK. However, I am currently in Asia and am mostly paid by US-based organisations. Is there any hope for me? […]
Expats living overseas are very keen to purchase property in the UK as the market continues to show good growth. Mortgages are easier to come by than they were 2 years ago plus interest rates are at an all-time low. Expats who own property abroad have had a worrying time of late as property prices […]
Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage. The survey showed using a broker will reduce completion times, they are fully versed in the expat mortgage process and able to react to the lenders requirements much quicker. Why independent? Very simple […]
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 2,000 expats found that 33% of consumers who went direct to a lender didn’t understand how a mortgage adviser could […]
