Expats enter the UK buy-to-let market?
A large number of expats are considering entering this market for many reasons.
Buy-to-Let properties offer…
Interest only mortgages
Good potential returns on capital invested
Tax efficiency
Attractive mortgage interest rates
Potentially better returns than on offer at high street banks
These are just a few reasons why expats are considering the buy-to-let market.
If you are considering 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, contact us now for any assistance you may require.
Valuable 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 if you went ahead
- Make sure the mortgage deal is the right one for you
Renting property is set to increase in 2025
Home ownership in the UK is set to fall below Europe for the first time after the boom in buy-to-let lending in the last 10 years.
More and more people in the UK have been pushed into the rental sector, allowing our continental neighbours to catch up, according to latest figures.
Can we assist?
If you require help with your new or re-mortgage, please do call one of our fully qualified independent advisers and they will be happy to assist.
