Holiday Let – better for you?

To qualify as a furnished holiday-let for tax purposes, HMRC has certain terms you must meet.

1. Your property must be available for let at least 210 days a year and let out for at least 105 days a year. 

 

1. Each individual furnished holiday-let property must be short term – no longer than 31 days at a time.

 

1. Any continuous stay of longer than that period is not counted towards the 105 days in a year.

 

1. Lettings to friends or relatives at zero or reduced rates will not be counted either.

The main tax advantages of holiday lets, compared to buy-to-let properties is that you can still deduct mortgage interest payments from rental income to reduce your profits and therefore your tax bill.

You also get to stay in the home outside that period of 210 days when it must be available to the public.

A buy-to-let mortgage is designed for long-term lettings – not for you to live in that property.

 Mortgages for this type of project are available to expats; it is recommended to consult an independent professional adviser as they will have access to the full range available.

Need assistance?

If you require help with your current or new mortgage, please call one of our experienced independent advisers who will be happy to assist.

 

 

Best Expat remortgage rates

If you are one of the thousands of expats who have not re-mortgaged, and you are still on a standard variable rate deal now is the time to review your circumstances. If the predictions are correct interest rates are due to rise early in the 2025 with further rises on the horizon.

Re-mortgaging numbers in particular have been rising month on month and continue to do so. Expats have recognised that interest rates could be due to increase in 2025. Many have already taken advantage of the exceptionally good fixed rate deals that are available.

The wise expat will move to re-mortgage now sooner rather than later.

Good news is there are still some very good fixed and discount deals on offer. However it’s likely they won’t be around for much longer.

Independent brokers

It also emerged the number of expat borrowers using an independent broker to re-mortgage has also hit a record high in 2024.

 2024 has seen increases activity in best Expat remortgage rates.

 Expat mortgage applications are currently at an all-time high and the outlook for 2025 remains positive.

According to recently released figures the UK property market has been the best performing in the whole of Western Europe. It is therefore not surprising that so many people want to invest in an ever-shrinking market.

Can we help?

If you are looking for a new or re-mortgage, please do make contact. One of our independent advisers will be happy to assist.

Mortgage Broker For Expats Using an independent broker is more popular than ever before.

Firstly Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage.

A survey showed using a broker will reduce completion times. They are fully versed in the expat mortgage process and able to react to the lender’s requirements much quicker.

Why choose an Independent Mortgage Broker?

Very simple you will have a much bigger choice of deals. An independent mortgage broker is not tied to any one company.

2024 has seen a large increase of approved mortgage applications compared to the same period last year. These increases show how restrictions are being eased by lenders as they compete for every single bit of business.

All this positive news is giving the borrower confidence in the longer term.

Expat buy-to-let investors on the increase in 2024.

This is still a growth area for investors. More expats see the buy-to-let market as a sound option for the future, especially with property prices reducing nationwide.

The demand for good rental property has increased over the last 12 months due to the cost-of-living crisis and other factors.

Experts expected the buy-to-let market to decrease, and it did after all the new regulations were announced but that trend has now been completely reversed.

Like to talk over your needs?

If you are an expat looking for a new or re-mortgage, please do make contact. One of our qualified independent advisers will be happy to help.

Mortgage Broker For UK Expat Mortgages is advised. Is using a specialist expat mortgage broker for you?

If so, the mortgage broker for UK Expat will take control of the mortgage process. Therefore relieving you of the stress and paperwork. They will be able to deal with the mortgage company supplying the loan and answer any queries they may have, saving you time and money.

Selecting a mortgage to suit your needs will save money in the long term

Securing an expat mortgage doesn’t have to be difficult, it is always recommended to get expert professional help. Using a specialist expat broker will without doubt give you the edge as they will be experienced in this type of mortgage process.

Expats landlords – What is in store for 2025

With the fresh new year just a couple of months away there is much to consider. Thoughts of course turn to planning for what might be coming over the horizon!

For the expat buy-to-let market there have been some significant ups and downs. Particularly for expat landlord borrowers who have had deals ending in the last few months. Indeed expat landlords are looking at what finance they can secure in the future, from both a purchase and re-mortgage perspective. Getting specialist help will help ease these issues.

Many positives for 2025

The expat investor whether new or existing can be encouraged by the fact good rental property is in high demand in the UK. Mortgage rates now seem to be stable and property values continue to increase. So, all in all there is plenty of reasons to be optimistic your investment is sound and profitable.

Help required?

Finally if you are an expat looking for a new or re-mortgage, please do get in touch. One of our fully qualified independent advisers will be happy to assist.

Fixed Rate Mortgage For Expats. The mortgage business remains buoyant in 2024

September 2024 has seen more expat mortgage business being conducted than this time last year.

New applications for first time and re-mortgage business are also high. Particularly for the time of year indicating expats still have faith in the UK property market.

August & September saw a record number of expat re-mortgages as clients look to release equity built up over the years within their properties. The released equity is being used for various reasons including debt consolidation and funding their children’s education whilst abroad.

Expats are also re-mortgaging to fix the rate of their loan for the longer term.

If you are considering taking out a fixed rate mortgage or re-mortgaging, please call us and one of our independent advisers will be happy to assist.

UK property prices are stable and increasing in some areas

According to the latest figures house prices are still on the rise. July and August this year saw an average 2% increase as the UK economy which helps stabilise prices.

It is expected that house price increases will level out as the year goes on with a steady and reliable growth rate, again spelling good news all round.

At present the outlook for 2025 is very positive within the UK property market. Finally the signs are this will continue for the foreseeable future.

Need assistance?

Our professional independent advisers are used to dealing with all types of Expat Mortgages. As such they have vast experience in this area. Please do call to discuss your requirements and we will be happy to help.