Re-Mortgage For UK Expat. Expats are re-mortgaging to free up cash.

 Expat mortgage business is very buoyant currently. Especially the re-mortgage area as expats look to released locked capital within their UK properties.

A recent report shows the average amount released currently stands at over £40,000 per case as of the end of March this year and the number of re-mortgages rose by 18.5% year to date.

The report shows February and March witnessed a very strong month for mortgage lending within the expat community.

Our director of operations commented “It would seem expats have re-mortgaged their current UK property to raise funding for further purchases within the buy-to-let market”.

There are some very good re-mortgage deals on offer currently with good interest rates being available. If you are considering a re-mortgage, it may well be prudent to explore what fixed deals are on offer as at some stage interest rates are likely to rise.

Re-mortgage benefits.

There are many reasons you may wish to consider an expat re-mortgage. But, be very careful as this is not always the best advice. As an example, you may currently have a deal which if changed would incur penalties. There will be other options open to you such as a second charge loan and this should be given careful consideration. Some of the reasons for a re-mortgage are listed below.

• Secure a better rate of interest.
• Change to a fixed rate.
• Raising capital.
• Reducing existing debt.

Can we help?

 If you are contemplating a new or re-mortgage, please do make contact and one of our fully qualified independent advisers who will be happy to assist.

Expat Landlord, are you contemplating incorporating your letting business?

If so – you should proceed with caution and do get independent advice!

Expat mortgage lenders are predicting there will be continuing trend towards limited company buy-to-let activity this year. But they warn this may not be the best practice for every expat.

It is understandable that expat buy-to-let landlords want to avoid paying more tax than is necessary, it is essential, as with any investment, that they fully investigate how their personal circumstances apply to buy-to-let taxation.

Many expat landlords are perhaps seeing the headlines and are considering incorporating their property investments, as limited companies are taxed differently to individuals.

Taxation for an expat is a complex issue and expat landlords should before considering this move seek advice from a tax specialist.

More expats are choosing independent broker assistance for mortgages advice.

The number of expats using an independent broker has risen steeply over the last 2 years, this figure now stands at 81% from 64% last year.

Why choose an independent broker?

First and foremost, for ease and peace of mind as an expat landlord!!

1. Full range of mortgage choices
2. Industry qualified advisers
3. UK based for easy communication.
4. Faster completion

Assistance required?

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

Mortgage Rates For Expat Buy-To-Let

Expat buy-to-let still offers sound returns on a long-term basis.

Buy-to-let investments will continue to offer attractive rates of return compared to other asset classes.

Buy-to-let mortgages play a vital role in supporting housing supply in the private rented sector. With the market representing nearly 13% of new UK mortgage lending. Mortgage Rates for Expat Buy-to-Let can have many variables.

Expats buy-to-let student accommodation.

Expats have seen to potential growth in this area and are reaping the rewards!!

Expat landlords could well be missing out on the blossoming student rental market sector.  They may well be unaware of the potential returns on offer.

According to a new report recently released of existing landlords over 33% 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 which again is a very lucrative market.

The 3 main reasons to consider this type of business:

High yields: Depending on location between 8%-14% net yield is possible.

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.

Can we help?

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

UK Expat Buy To Let Mortgage.

Expats mortgage completions rising rapidly.

The last few months have seen a large level of expat buy-to-let mortgage approvals as landlords look to increase their portfolios.

The reasons are numerous, expats are very encouraged by the demand for rental property plus rents are increasing annually.

Home ownership in the UK has fallen to its lowest level for over 15 years which may well shock some people. When you look at the overall cost of buying a property in the UK perhaps it is not quite so surprising!

Brits living in countries where the currency is pegged to the USA’s, such as Hong Kong have been attracted to investing in property back in their home country.

What is happening is investors, including expats, are still buying-to-let in Britain. As such you may be searching UK Expat Buy To Let Mortgage. But perhaps focusing on lower loan-to-values and using larger deposits. Furthermore to take the various changes into account, as well as adapting their portfolios and business models to maintain their profitability. For example, by looking at up-and-coming areas across the UK instead of the more traditional rental hotspots like London.

Expat buy-to-let mortgages.

It is always recommended to be very selective before deciding on what mortgage best suits your needs. With the deals on offer it always pays to look at all the options. As an example a long-fixed rate deal may be very prudent with the fear of more interest rate rise looming.

An independent broker is recommended, and they will point you in the right direction plus save you time and money.

Need some help?

If you need assistance when choosing your next mortgage call or make contact with one of our experienced independent advisers. We will be pleased to assist.

Mortgage For UK Expats

Expats are using auctions to expand portfolios.

Due to the shortage of property perspective expat buyers seem to be turning to the Auction houses. Recent reports show residential property sales are increasing at a rapid rate.

This increase could well be due to the buy-to-let market booming at present. Getting a mortgage for UK Expats has never been easier. As such existing expat landlords are increasing their portfolios as demand grows for good rental properties nationwide.

Are bargains to be had at auction?

The very simple answer is yes!

Auctions are a great way to add to a buy-to-let portfolio, with a wide range of bargains often going under the hammer. But as any shrewd expat buy-to-let landlord will know, there is more to buying property than simply turning up and making a bid.

Among the many attractions of buying property at auction is that purchasers avoid the conventional drawn-out process of property buying. Furthermore the property is sold in a matter of minutes as soon as the hammer falls.

If you choose this route to buy, then be prepared!

But before attending and bidding on property at auction, investors must conduct all necessary due diligence. Two vital things to understand.

• Have you carefully read the conditions printed in the catalogue?
• Have you made financial arrangements to ensure you have a 10% deposit ready for payment on auction day, when the contracts are signed and access to the remaining 90% within 28 days?

Mortgage advice?

If you need assistance with a new or re-mortgage, then please contact our expert independent advisers who are waiting to help.