If you wish to buy a property in the UK and live abroad you need an expat mortgage. 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 […]
Eight out of ten of Britain’s hot shot fund managers – in charge of active UK investment funds – would have been better off simply investing in bricks and mortar, according to a recent financial survey. That’s despite the strong rises seen in the stock market over the past year, with the FTSE 100 ending […]
The average price of a house in the UK now stands at £230,700, some 30% above the market peak seen in 2007, the house price index has revealed. On a yearly basis house price growth was up 5.4% year-on-year in June, more than double the 2.2% year-on-year price growth seen 12 months ago. The data […]
The market so far has been largely unmoved by Brexit. Lenders have continued to drop interest rates across the board since last summer which indicates a lack of concern currently. There seems to still be a large appetite for banks to lend. The rates are very competitive and there are still plenty of high loan-to-value […]
Best advice is to get it reviewed to ensure you are on the best deal. The low rates on offer will NOT last forever – act now and save. A former Bank of England Monetary Policy Committee member has predicted that interest rates could rise significantly in the next few years. Inflation has now caught […]
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 taking time to settle. It may be […]
The current stamp duty holiday on properties valued up to £500,000 comes to an end on 30th June but did you know that you can still enjoy a stamp duty holiday on properties valued up to £250,000 when your purchase completes by 30th September. The additional SDLT for second homes and expats remains in place, […]
Property prices rose 1.8% in May to reach a new record average price of £242,832, according to Nationwide. The building society said prices are up £23,930 over the past 12 months alone, an annual growth rate of 10.9% and the highest recorded in seven years. The market has seen a complete turnaround over the past […]
Mortgages with five-year fixed rates have undergone a surge in popularity within the expat community, nearly half of the completed deals recently have been for 5 years or more. Data revealed 49% of expats are now choosing an initial fixed rate period of five years compared to only 25% back in 2015. Meanwhile, mortgages with […]
The number of UK and international landlords choosing to register as a limited company to manage their portfolios is on the rise. A spike in international investors enquiring about forming a limited company, up 62% year-on-year. Last year, there were a total of 41,700 buy-to-let incorporations, an increase of 23% on 2019. The numbers have […]
