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What Is A Ltd Co Mortgage ?

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What is a Ltd Co Mortgage ?

2025 will be the year for buy-to-let and the limited company experts say! So what is a Ltd Co Mortgage ?

Independent research reveals expat lenders are expanding their product range for buy-to-let limited company mortgages.

Limited company buy-to-let mortgages now account for nearly 38% of all products on offer to the expat investor.

Not all lenders offer buy-to-let mortgages to limited companies. But we can confirm this is changing all the time. More lenders are recognising limited company business is going to become a great deal more popular than years gone by.

The cost of a limited company mortgage is on average 0.4% higher than the normal product. Plus some set-up fees are higher. Most of the fee’s payable are on a percentage basis and range from 0.5% to 1.5% and an investor should be very careful of their choice.

Around 50% of the products currently on offer are available at 75% loan to value and as always better deals are on offer at lower loan to values.

Is it complicated to apply?

The application process takes slightly longer than the regular one.

There are a few more questions to be answered on the application form but nothing serious.

New expat limited company products are appearing on a regular basis. Additionally it’s strongly recommended potential borrowers seek advice of an independent adviser as products vary in so many different ways.

Also, expats should seek advice from an accountant as this route may not be the preferred way forward for you as an individual.

Can we help?

If you would like to know more about limited company mortgages, please do make contact. One of our independent advisers will be happy to assist.

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Expats is it time to re-mortgage?

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Expats is it Time To Re-Mortgage?

In order to re-mortgage effectively, it’s important to first establish the purpose of re-mortgaging.

While most UK expat and foreign national investors will re-mortgage to avoid higher rates or to better devise a stable financial plan for their investment. There are also other ways to utilise a UK expat or foreign national mortgage. So expats is it time to re-mortgage?

Some UK expat and foreign national investors might take the opportunity to use their re-mortgage to fund further property purchases and build a larger portfolio.

This will likely be a better strategy for more experienced investors, those who have made strong capital gains or for those who have a lower loan to value, as negotiating a preferential deal will be made easier as they are in a stronger bargaining position.

Get professional Mortgage help, save time and money

It’s a fact that expat borrowers going through an independent mortgage adviser have access to far more advantageous deals than those going direct to the lender.

Expats who benefitted from a mortgage adviser searching the market for the best mortgage deal were more likely to have switched in the last five years (29%), compared to just one in five (19%) of those who went direct.

Expats who used a mortgage adviser were also in favour of doing so again. Nearly all (98%) said that they found the support of a mortgage adviser ‘valuable’ and a further 95% said they would recommend using an independent mortgage adviser to family or friends.

Can we help?

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

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UK Property Deals for Expats

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UK Property Deals For Expats. UK property search increases month on month

Searches for UK property by overseas buyers have grown steadily over the last 12 months.

They now account for 11% of all activity in the first six months of this year, compared to just -6.8% three years ago.

It said most expat investors are keen to capitalise on softening prices and a weaker pound.

Which Expats are looking at UK Property Deals?

US house hunters are watching the UK market most closely, accounting for nearly 70,000 searches in the first quarter of this year, as shown by the list below of the top 3 countries where buyers are searching from:

USA, Hong Kong & Ireland.

Owning property in the UK is a goal of many overseas property investors including expats.

The preferred areas in the UK

London is in strong demand as the third most sought-after location, but the UK’s regional cities could benefit the most from interest from overseas buyers, with Glasgow and Birmingham the most popular search locations, followed by Manchester and Leicester.

More expats choosing independent broker assistance for mortgages advice.

The number of expat mortgages coming through independent brokers has risen steeply over the last 2 years, this figure now stands at 80% from 62% last year.

There has been a steady increase in mortgages sold by intermediaries to expat buyers and re-mortgagers as the market remains very buoyant indeed in 2024.

Assistance required?

If you would like help with your new or re-mortgage, please make contact. One of our independent advisers will be happy to help.

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Expat Holiday Let Mortgages are Very Active in 2024.

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Expat Holiday Let Mortgages are very active right now. There’s been a big increase in choice available to expat landlords wanting to enter the holiday rental sector this year.

The number of mortgage options for expat borrowers looking at the rental market have more than doubled since May 2023.

As the demand for staycations remains evident, it would not be too surprising to see more growth in this market in the months to come. In February 2023 only 2 lenders were offering a buy to let mortgage available to holiday letting. Whereas today there are many more options to the expat investor.

At this point in time, its evident expat landlords are taking advantage of the opportunity to earn an income through holiday lets.

This type of letting a UK property is seen as a very profitable option to expats not wanting to let their UK holdings for long periods of time.

Before deciding to enter this market, research is vital!  

Undertaking thorough research into popular locations is of utmost importance.  Also weighing up tax benefits, reading up on rules regarding residency periods and other potential expenses. All of this and the utility bills can feel daunting. Therefore seeking advice before entering an arrangement is wise.

The number of holiday let companies set up has jumped. Chiefly by expat landlords, between January and June this year has increased of 42% versus the whole of 2023.

Need assistance?

Our professional team of fully qualified independent advisers are used to dealing with all types of expat re-mortgage/mortgage business. Please do call to discuss your requirements and we will be happy to help.

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Expat Mortgage Approvals Increasing Monthly

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Expat Mortgage Approvals Increasing Monthly. Expats living abroad are seeing their applications for an Expat mortgage complete faster and far more regularly than 2023.

Approvals for house purchases in the UK by expats increased towards the end of 2023 and 2024 has followed the same pattern according to the latest figures from the Bank of England.

The number of expat loan approvals for purchasing so far this year is up a massive 26.4% on the same period last year. Re-mortgaging saw an astonishing increase of 35% over the same period.

 Expat mortgages completing faster.

 The time it’s taking this year to complete an expat mortgage has reduced significantly in the last 12 months.

The industry is seeing a new application in a straightforward case complete in a matter of weeks rather than months. A straightforward re-mortgage is now on average completing in less the 7 weeks which is significantly quicker than 12 months ago.

Use an independent broker for speed and efficiency of expat mortgage approvals.

The independent broker 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.

Help required?

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

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Expat Mortgage Strategy

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Expat Mortgage Strategy for First time expat landlords. A sound strategy should always be in place.

Investing in property whether it’s your first investment or your fifth can give you goose bumps at any time of year.

The UK rental market is currently booming.

The key to any successful investment is ensuring you have a sound expat mortgage strategy. For property, this means a combination of fundamental elements. These theoretically add up to you finding a property that will deliver growth. As well as provide a regular rental income (if this is a goal), allowing you to passively grow your wealth over time.

These elements are good location, connectivity, amenities, infrastructure, and investment and of course tenant demand which, if you get the first four right, should come naturally.

One of the worst nightmares for any landlord is experiencing a long void period. If you committed to your sound strategy, you will have hopefully purchased a good quality property. Always in a high demand area which should help to reduce the risk of a lengthy void period.

Reduce risks to a minimum

In other words, make sure you have contents insurance. Always put your tenant’s deposit into a deposit protection scheme and have a sum set aside to cover maintenance costs.

Always review your expat mortgage strategy

It is also worth carrying out a regular review of your finances to make sure you aren’t paying out more than you need. Especially on your mortgage payments plus you’re taking advantage of any tax relief available to you.

If you plan to pass on your property as inheritance, make sure you have a solid and tax efficient plan for this too.

Need some Expat Mortgage help?

If you require any assistance with your new or existing mortgage, please do call. One of our fully qualified independent advisers who will be happy to help.

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Do I Qualify for an Expat Mortgage ?

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Do I Qualify for 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 provide an income in retirement or even to live in upon their return. 

Whilst fluctuating exchange rates can, at times, provide a good opportunity for investors, it is also true to say that many expats earn better salaries abroad than they would do here in the UK. A lower cost of living means they have more disposable income and want to invest in UK property.

Selecting a mortgage to suit your needs.

Securing an expat mortgage doesn’t have to be difficult, but do I qualify? It is always recommended to get expert independent 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.

Many expats try to go it alone and secure their own mortgage. This of course can be done but living abroad whilst applying does present quiet a few challenges. Time difference and communication problems to mention a few!!

Real value for money and long-term security.

The UK property market offers really good value for money. This assumes you own a property or can afford to buy one.

Anybody who has owned a property in a good area of the UK over the last 15 years would have seen their investment grow substantially.

Traditionally the UK property market has always offered good value long term investment potential. There is no reason to believe this will not continue long into the future.

Can we help?

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

 

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Expat Mortgage Broker

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Expat Mortgage Broker

Seek independent advice and make life easier

Many expat borrowers could be missing out on a better mortgage deal by not speaking to an independent adviser.

Almost 70% of EXPAT borrowers who went straight to a lender haven’t re-mortgaged in the last five years, 74% stayed with their current lender because they felt they had a ‘good deal’.

Without seeking independent Expat mortgage advice, individuals would have missed out on the extra mortgage deals that are only available through a mortgage adviser/broker.

Analysis showed that the mortgage industry still needs to demonstrate the value of independent mortgage advice to expat borrowers.

What does a mortgage broker do for expats?

Essentially, they are there to help expats find the best mortgage deals in the UK. They aim to make that as simple and stress-free as possible, looking at each person’s situation and finding the best product to match their needs.

Survey facts show.

66% who didn’t seek advice when they took out their last mortgage didn’t know mortgage advisers were there to help the borrower, and just over a third (34%) thought an independent mortgage adviser was there to support the lender.

It’s a fact that expat borrowers going through an independent mortgage adviser have access to far more advantageous deals than those going direct to the lender.

Expats who used a mortgage adviser were also in favour of doing so again. Nearly all (98%) said that they found the support of a mortgage adviser ‘valuable’ and a further 95% said they would recommend using an independent mortgage adviser to family or friends.

Can we help?

If you are looking for a new expat deal or re-mortgaging, please do make contact and one of our fully independent advisers will be happy to assist.

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Lower Rates for Expat Mortgages

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Lower Rates For Expat Mortgages.

Fixing the rate cheaper than betting against rate rises?

Fixed rate expat mortgages are now proving to be better value than the tracker type plans. Particularly for lower loan-to-value borrowers are lower rates for expat mortgages. Low loan-to-value mortgages are now proving better value than their tracker equivalents at 2-, 3- and 5-year periods.

Even for fixed rate higher loan-to-value mortgages, the current cost of borrowing is only marginally higher than tracker products. Fixed rate plans are without doubt becoming more popular especially with the investor with multiple properties.

The lowest interest rate mortgages and lowest fees have been reserved for low loan to value ratios.

Note, usually the larger the deposit you have the better the deal, but there are still some very good deals available for expats with smaller deposits.

Due to the range of products available and your current/future plans it is important to get professional independent advice.

Buy-to-let as an investment rising rapidly in 2024

Lenders are expecting more activity in the expat buy-to-let market in 2024.  And beyond as expats want security in UK property.

A recent survey stated 80% of expat lenders expected demand to grow over the coming months. All the early signs this year show they are correct as demand is up 27% on the same period last year.

Expat mortgage providers are keen to point out that there are good deals in the marketplace both fixed and variable rates.

Need assistance with your expat mortgages?

Our professional independent expat advisers are very experienced in dealing with all types of expat buy-to-let mortgages both single and multiple. We have access to a good range of plans and would be happy to discuss your requirements. Contact Us at Expat Mortgages to find out more.

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Mortgage For Student Lets

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Mortgage For Student Lets.

More expats are turning to buy-to-let student accommodation

Expat landlords could well be missing out on the blossoming student rental market sector. Expat Landlords may be unaware of the potential returns on offer with a mortgage for student lets.

According to a new report recently released of existing expat landlords over 40% said they were completely unaware of the potential returns this type of letting can produce.

The number of students is rising at a rapid rate and over the next decade, the figure is expected to double. One other very important factor many expat landlords miss is that the UK is becoming a very popular destination for foreign students. As such this again is a very lucrative market.

The 5 main reasons why expats should consider this type of business:

  • High yields: Depending on location between 8%-10% net yield is possible.
  • Managed & Maintained: Plenty of very good local companies with experience in this type of letting.
  • Demand: Rising student levels means there is always a demand for this type of property.
  • Shifting priority: Students have shifted since the rise of tuition fees to private shared letting.
  • Options open: Any landlord interested in this type of business can invest.

The expat mortgage market can be very complex. Therefore you should seek professional advice as to what product best meets your needs. We have a select number of companies offering very favourable rates. As such these are tailored to suit most needs, including buy to let.

Items you will need to apply for an expat mortgage.

  • Deposit available
  • Certified proof of address
  • Certified ID (Passport)
  • Bank statements (Normally 6 months)
  • Wage slips (Normally 6 months)
  • Certified accounts if self-employed.

These requirements vary from lender to lender. The above is just to give you a guide to help speed up the process.

Can we assist you?

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