A major shift in housing needs driven by the pandemic and lockdown has pushed house prices up to their highest levels ever, Nationwide has reported today. According to the building society’s latest house price index, prices grew by 6.9% annually in February. This followed a slight slowdown in January when annual prices climbed by 6.4% […]
Expats are in ever increasing numbers trying to either get on the ladder or increase their current UK property holding. The majority of expats see property in the UK as a “pension fund” or a way of laying financial security for the long-term future. Bricks and mortar have always been a national obsession. The wisdom […]
House prices will rise between 3% & 5% across the UK next year, according to figures released by one of the major high street banks. If these figures are achieved it follows the trend of this year, the report states increases in values could be stifled by the possibility of interest rate rises. Another factor […]
As we enter 2021 and into national lockdown, many expats are speculating on what the coming year has in store for the property market. The government has confirmed that the housing market will remain open during the new national lockdown. For many homebuyers and sellers, this is positive news, with thousands of transactions currently underway. […]
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 […]
It has been an extremely hard year for landlords up and down the UK and also those living abroad. The good news is that, despite all the recent changes rewards for landlords can still be exceptionally good. Demand for good quality rental property continues to rise year on year due prospective first-time buyers not being […]
Approvals for house purchases in the UK by expats increased towards the end of 2020 and 2021 has followed the same pattern according to the latest figures from the Bank of England. The number of expat loan approvals for purchasing in the last 3 months is up a massive 21% on the same period last […]
The number of expat mortgages coming through brokers has risen steeply over the last 2 years, this figure now stands at 74.3% from 64% in the last 12 months Need for help Brokers believe the increase in regulation and complexities of the market are the driving factors. Affordability calculations and lender criteria have become harder […]
If you are looking to buy a property with an expat residential mortgage, you or a member of your family must live in it – either now or in the near future. Essentially, it’s a home. However, as a foreign national, a UK residential mortgage isn’t straightforward. Residential mortgages are regulated by the Financial Conduct […]
The Bank of England has held interest rates at the historic low of 0.1% in its latest base rate decision, saying the UK’s economic outlook is ‘unusually uncertain’. The Monetary Policy Committee (MPC) voted unanimously to keep the base rate, which acts as a guideline for banks and lenders when they set their interest rates, […]
