Brokers with expat and foreign investor customers buying property in the UK, need to secure completion before 31 March next year or face the risk of customers paying a large surcharge. That is the warning from the expat mortgage markets, which explains that expats who miss the deadline will face higher stamp duty levies than residents. Lenders, […]
As an expat whatever reasons you may have for considering purchasing a house or flat in the UK, the good news is that there are lenders who are more than willing to offer expats a mortgage. Many providers don’t even advertise the fact. Brexit has not deterred expats from buying in the UK, in fact […]
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, 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 6.2% of […]
There was a surge in re-mortgage activity in September and October of this year, as expat borrowers look to lock into cheap deals ahead of an expected interest rate rise. Since the financial crisis in 2008 mortgage rates have steadily fallen. However, with the Bank of England hinting that it could raise interest rates in […]
Since the end of last year the expat mortgage market has seen much more activity in both new and re-mortgage applications. The UK property market continues on an upward spiral albeit slower than years gone by and still offers potential longer-term growth and security. Expats are always keen to secure property in the UK and […]
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 up with wage growth causing a sharp consumer slowdown and the weak pound has also squeezed consumers and the expectation is that households will adjust their spending downwards. More […]
Expats looking for a mortgage or re-mortgage on a property in the UK now have a wider choice of loans than years gone by, so it makes sense to select the best one to suit your needs. About five million UK nationals live overseas, and many are keen to hold on to a property in […]
This year has seen a record level of expat buy-to-let mortgage approvals as expat landlords look to increase their portfolios. Recent surveys of expat landlords clearly reveal they are in the market to increase their holdings as quickly as possible. The reasons are numerous for this trend, but it felt within the industry that Brexit […]
It seems that expat homeowners have taken our frequent warnings about upcoming mortgage rate rises to heart, as August & September saw a record number of re-mortgages completed. This month is the highest number of re-mortgages since October 2012. Septembers figure also marks an increase of 21.3% year-on-year and an impressive monthly increase of 53%. […]
More and more expats are looking for ways to reduce their monthly outgoings. One of the biggest expenses most people have every month is their mortgage payment. Keeping this in mind it would be a wise move to review your current mortgage so as to establish if it is still the best deal for you. […]
