Independent Ex Pat Mortgage Broker. Expats UK property search increases month on month

The property portal found that searches for UK property by overseas buyers have grown steadily over the last 12 months.

They now account for 8.2% of all activity on the portal in the first three months of this year, compared to just 3.8% three years ago.

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

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 78% from 64% 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.

Why choose an independent ex pat mortgage broker?

First and foremost, for ease and peace of mind.

Full range of mortgage choices

Industry qualified advisers

UK based for easy communication.

Fully automated service

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.

 

Are you an Expat thinking of entering the Buy-to-Let market in the UK?

 If you are then you need to proceed with caution

 Firstly, seek advice on your tax position. Incorporation (Creating a limited company) could be right for you.

More and more expat investors are considering entering this market for various reasons. So, what can a buy-to-let investment offer you?

Interest only mortgages.

Good potential returns on capital invested.

Attractive mortgage interest rates.

Potentially better returns than on offer at high street banks.

Better return on capital invested.

Above are just some of the reasons why more and more expats are considering a buy-to-let investment. If you are thinking of entering this market, you should always seek advice on the types of mortgages available that best suit your needs.

You will generally need a deposit of at least 25% this varies from lender to lender but the bigger the deposit the better the deal and lower interest rates.

Mortgage assistance?

If you are contemplating entering this market or require assistance with a re-mortgage, please do contact us. We have experienced independent advisers who will find the correct deal for you.

 

Expat buy-to-let investors on the increase yet again,

This is still a growth area for expat investors as more people see the buy-to-let market as a sound option for the future. Traditional forms of investment such as banks and building societies are still producing poor returns so investors are looking elsewhere.

The house rental market in the UK is very buoyant as people trying to get onto the property ladder find it more difficult due to rising house prices.

The demand for good rental property has increased over the last 12 months and would seem to be continuing.

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

Expat buy-to-let investors. 

1. Select the type of tenant you are targeting this could be a young couple or single person in a professional career.
2. Make sure when selecting a property for buy-to-let it is in an area which fits your target tenant. Is it close to schools, shops, and local businesses for example?
3. Selecting the correct buy-to-let mortgage to fit your long-term planning. Do you want a fixed rate or a tracker or indeed any other product that is on offer? It is very important to seek professional independent advice when it comes to choosing your mortgage.
4. Look after your tenants as you don’t want your property empty for long periods of time. Make sure you have a good maintenance company in place to look after any problems that may arise.

Need some help?

Please make contact and one of our expert independent mortgage advisers will be pleased to assist.

 

 

Expats are reaping the rewards.

Tenant demand has risen in 2023 to hit the highest level recorded since 2011, according to recent demand figures.

62% of landlords who reported increasing tenant demand in the first quarter of 2023 is double that of the same period a year ago. And it’s almost four times the level reported in Q1 2020, when only 16% of landlords felt that demand was growing.

Over 700 landlords including expats were asked to assess tenant demand over the previous three months. A ‘significant increase’ was seen by 34% of respondents, with a further 28% reporting slight increases.

London calling

Increasing tenant demand was reported by 84% of expat landlords operating in Central London, a substantial increase on the 12% seen in Q1 2021. This places Central London alongside the Southwest and Wales as the regions seeing the highest levels of increasing tenant demand during the previous three months.

Another record high in the proportion of landlords reporting increasing tenant demand reaffirms the need to increase the supply of homes in the private rented sector.

Taxation

While it is clearly important that landlords are taxed appropriately and the sector is regulated to ensure high standards are maintained, the government must ensure that buy-to-let remains attractive enough to expat investors who are vital in supplying the properties needed to meet demand.

Can we assist you?

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

The UK bargain property market is diminishing rapidly.

Expats searching for a property in the UK are finding it more difficult than ever before.

Finding a property of value in the South is almost impossible and in the North things are not a lot easier.

Expat yacht crews are employing the services of local estate agents to help identify possible targets as the market get tougher by the day.

Britain’s housing shortage is reaching crisis point as the number of buyers dramatically outweighs the number of properties for sale. Estate agents up and down the Country are reporting high levels of business with sales completing in record time.

One agent in Norfolk said, “If a property comes onto the market in good condition and is priced correctly it will sell within days”. “Just lately we have had up to 6 purchasers chasing just one property”.

The consequences of this situation are driving house prices upwards all the time with properties in the South and East Anglia reaching record highs.

Expat yacht crews searching for a foothold in the UK property market need to act sooner rather than later. Experts are forecasting the shortages to get much worse before things get any better.

One plus point for the expat is that mortgages are easier to secure than a few years ago and choices have expanded.  There is a good selection of mortgage deals available at very favourable interest rates.

Need some assistance?

As an Expat yacht crew and you are looking for your first mortgage or contemplating a re-mortgage, please do call one of our fully qualified independent advisers who will be happy to help.