Expat Property Portfolio
Expat Property Portfolio. Buy to let market is growing fast again as expats increase holdings.
June 2023 saw the buy to let market rise again, expat applications and completions were up on figures for the same period last year. Investors are without doubt looking to secure new properties.
Figures show existing expat investors are expanding their portfolios especially in the North and Southeast areas. Increased property values don’t seem to be deterring the investor as they see the future sell on value as the key to profitability.
There was also marked increase of new expat investors into the buy to let market.
Top tips on buy to let properties.
- Choose an area you know for your buy to let investment.
- Make sure the area has potential for growth in the future.
- Do the figure work and be sure of the level of rental income you can expect.
- Think about the type of tenant you are looking for and match the property to fit.
- Check with an accountant your own tax position before you proceed.
- Consider protecting your rental income and explore the options.
- Research mortgage options.
These are just some of the important areas for new expat investors to consider, but most important is to get the right mortgage for your needs.
Too often these day’s clients tend to go for the cheapest without doing crucial research into the features of each plan.
Using an independent broker could be a very shrewd move as they will access to the open market. They will also have the experience to advise you on the correct mortgage to meet your needs.
Can we help?
If you require assistance with your mortgage, please CONTACT US or call one of our experienced independent advisers and we will be pleased to assist.