Expat Mortgage Approvals Increasing Monthly

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.