Expat mortgages

Most expats have a strong desire to buy or retain ownership of residential property in the UK due to ever-increasing property prices and long-term security.  Even with the Brexit situation property in the UK has remained strong with values seemingly rising all the time albeit at a lesser rate.

Certain parts of the country are stagnating in terms of increasing but overall the UK market is as vibrant as ever.

There is still a lack of housing which makes the buy-to-let market very attractive to expats who want a foothold in the UK and achieve a return on their capital. If you look at the basic interest rates on offer at the major banks it’s little wonder why expats don’t see savings as a way forward.

Whatever reasons you may have for considering purchasing a house or flat in the UK, the good news is that there are lenders who are more than willing to offer expats mortgages. Many providers don’t even advertise the fact. 

The expat mortgage market is very complex, you would be wise to seek professional independent broker advice as to what product best meets your needs. Independent brokers will have access to a number of companies offering very favourable rates which are tailored to suit most needs, including buy to let.

Re-mortgaging to get the best rates of interest and save money

When taking out a new mortgage it is normal to get an introductory rate, for example it may be a low fixed or discounted rate or a low tracker rate for the first few years.

Introductory deals normally last for between 2 to 5 years but some are only months. Once the deal comes to an end it is likely the mortgage reverts to the standard variable rate which can then start to cost you extra money.

Can we assist you?

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