uk property holiday let

Mortgage For Student Lets

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Mortgage For Student Lets.

More expats are turning to buy-to-let student accommodation

Expat landlords could well be missing out on the blossoming student rental market sector. Expat Landlords may be unaware of the potential returns on offer with a mortgage for student lets.

According to a new report recently released of existing expat landlords over 40% said they were completely unaware of the potential returns this type of letting can produce.

The number of students is rising at a rapid rate and over the next decade, the figure is expected to double. One other very important factor many expat landlords miss is that the UK is becoming a very popular destination for foreign students. As such this again is a very lucrative market.

The 5 main reasons why expats should consider this type of business:

  • High yields: Depending on location between 8%-10% net yield is possible.
  • Managed & Maintained: Plenty of very good local companies with experience in this type of letting.
  • Demand: Rising student levels means there is always a demand for this type of property.
  • Shifting priority: Students have shifted since the rise of tuition fees to private shared letting.
  • Options open: Any landlord interested in this type of business can invest.

The expat mortgage market can be very complex. Therefore you should seek professional advice as to what product best meets your needs. We have a select number of companies offering very favourable rates. As such these are tailored to suit most needs, including buy to let.

Items you will need to apply for an expat mortgage.

  • Deposit available
  • Certified proof of address
  • Certified ID (Passport)
  • Bank statements (Normally 6 months)
  • Wage slips (Normally 6 months)
  • Certified accounts if self-employed.

These requirements vary from lender to lender. The above is just to give you a guide to help speed up the process.

Can we assist you?

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