Expat Buy-to-Let or Expat Holiday Let ?
Are you an Expat thinking of entering the buy-to-Let or holiday 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.
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.
Expats are actively looking for buy-to-lets and holiday let properties as demand grows.
Overseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weaker pound, according to the latest figures released.
Investors are keen to capitalise on softening prices and are looking for discounts. This could fuel demand for UK property, alongside expats planning a return to the UK.
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.