yacht crew expat mortgages

Can A UK Expat Get A Re Mortgage ?

Expat re-mortgaging hits record levels in 2025 

Re-mortgaging has reached record levels and now accounts for 37.5% of all mortgages conducted according to recent research.

The proportion of expat re-mortgages has risen by nearly 16% over the last 12 months, as homeowners are increasingly switching mortgage companies to find more attractive rates.

The promise of increased interest rates has no doubt helped drive demand for re-mortgaging. More and more expats are re-mortgaging to save money but also raise capital which is locked in their properties.

Many expat homeowners and landlords who have been saddled with lenders on less than competitive interest rates or stuck on higher standard variable rates are switching to more attractive fixed term deals.

Rising property prices has also had an impact on re-mortgage growth, especially in the Southeast of the UK.

It is expected the demand for re-mortgaging will continue to rise in 2025. There is likely to be a shift towards more consumers considering fixed rate deals as the risk of rate rises remain for the time being.

Expat buy-to-let re-mortgaging has also risen and now represents 12.8% of all mortgages, up by 8% year on year.

As a general overview, if you are an expat and not locked into a penalty mortgage deal good advice would be to review it with a view to saving money.

Can we assist?

If you would like a new or re-mortgage, please do make contact and one of our fully trained independent advisers will be happy to help.

uk property holiday let expat buy-to-let

Holiday Let Mortgage for UK Expat

Holiday Let Mortgage for UK Expat. Expat benefits of a Holiday Let Property in the UK

As an expat owning a holiday let property in the UK offers a multitude of benefits.Encompassing financial, personal, and community advantages. One of the most compelling reasons to invest in a holiday let is the potential for significant financial returns. With the UK being a popular tourist destination, a well-located holiday property can generate substantial income. Seasonal peaks, such as summer and festive holidays, often see high occupancy rates, which can lead to impressive rental yields.

Tax advantages

Another key benefit is the tax incentives available to holiday let owners. Properties that meet the criteria for a furnished holiday let (FHL) can benefit from tax reliefs not available to long-term rental properties. This includes allowances for mortgage interest, capital gains tax relief, and the ability to claim capital allowances on furniture and fixtures.

Off peak flexibility

On a personal level, owning a holiday let offers flexibility and the opportunity for personal use. Expat investors can enjoy their property during off-peak times, providing a personal retreat while also generating income during peak seasons. This dual benefit allows for the enjoyment of a second home without the full financial burden.

Furthermore, holiday lets can positively impact local communities. They create jobs in areas such as cleaning, maintenance, and property management, supporting local economies. Holidaymakers contribute to the economy by spending in local shops, restaurants, and attractions, fostering a thriving local tourism industry.

Lastly, holiday lets contribute to the preservation and promotion of the UK’s rich heritage and natural beauty. By providing quality accommodation, owners help attract tourists who explore and appreciate the diverse cultural and natural landscapes the UK has to offer. In summary, investing in a holiday let property in the UK presents a rewarding venture with diverse benefits that span financial gains, personal enjoyment, and community support.

Can we help?

Finally if you are looking for an expat new or re-mortgage, please do make contact. One of our fully qualified independent advisers will be happy to assist.

expats uk property london uk mortgage for expat

Buy-to-Let for UK Expat

Buy-to-Let for UK Expat. Expats and the UK buy to let market

For UK nationals living abroad, expat buy-to-let mortgages offer a pathway to invest in the UK property market. These mortgages are designed for those seeking to purchase property for rental income while residing overseas.

However, they differ from standard buy-to-let mortgages due to the complexities of international finance.

Key considerations include if you are thinking of entering this type of investment

  • Lender Criteria:
    • Lenders often have specific requirements regarding the applicant’s country of residence, income verification, and credit history.
    • Many lenders will have restrictions on the number of buy to let properties that one person can own.
    • It is common for lenders to require that the applicant hold a UK passport.
  • Rental Income Coverage:
    • Lenders assess the property’s potential rental income to ensure it covers the mortgage repayments.
    • They often apply a “stress test,” calculating whether the rental income would still cover repayments if interest rates were to rise.
  • Currency Fluctuations:
    • For those earning in foreign currencies, fluctuations can impact affordability. Lenders will factor this risk into their assessments.
  • Tax Implications:
    • Expatriates must be aware of UK tax laws regarding rental income, as well as any tax implications in their country of residence.
  • Property Location:
    • Lenders may have restrictions on where the property is located within the UK.

It’s crucial for expats to seek independent advice from specialist mortgage brokers who understand the intricacies of these mortgages.

Can we help?

If you are looking for an expat new or re-mortgage, please do make contact. One of our fully qualified independent advisers will be happy to assist.

holiday let mortgages for expats

Expat Mortgage Advice

Expat Mortgage Advice. Expat buy-to-let market is stable and increasing.

Firstly The expat buy-to-let mortgage sector has been more resilient. More so than the residential mortgage one during the past six months.

Despite initially pulling deals from the market, mortgage choice has been on a broadly upward trend since October 2024, while the small fall in average rates suggests the market remains competitive and lenders are keen to do business.

Buy-to-let limited company mortgages.

The majority of the expat buy to let purchase transactions made through limited companies. Last year were related to additional property acquisitions, although the figures also include expats selling property they already own personally into a corporate structure.

All transfers of properties from individuals to limited companies must be treated as a new purchase and therefore do not qualify as a re-mortgage.

Best advice – Use an independent specialist broker for mortgage advice.

Expat landlords will know only too well how difficult it is selecting the correct mortgage deal due to the complexity of an expat mortgage. The last 3 years has seen a massive shift towards expats using a professional independent broker to secure the correct mortgage for their needs.

Areas to invest in the UK property market

Where to invest is a question always being asked, recent reports show that Manchester, Hull and the Blackpool areas are currently seeing very good growth. This is all due to reasonable house prices compared with the South of England and an increased demand for rental property.

Can we help?

Finally when you are looking for a new or re-mortgage, please do make contact. One of our independent specialist advisers will be happy to assist.

 

uk property holiday lets mortgages

Expat Buy-to-Let or Expat Holiday Let ?

Expat Buy-to-Let or Expat Holiday Let ? Are you an Expat thinking of entering the buy-to-Let or holiday let market in the UK?

 If you are then you need to proceed with caution!

 Firstly, seek advice on your tax position. Incorporation (Creating a limited company) could be right for you.

More and more expat investors are considering entering this market for various reasons. So, what can a buy-to-let investment offer you?

Interest only mortgages.

Good potential returns on capital invested.

Attractive mortgage interest rates.

Potentially better returns than on offer at high street banks.

Better return on capital invested.

You will generally need a deposit of at least 25% this varies from lender to lender but the bigger the deposit the better the deal and lower interest rates.

Expats are actively looking for buy-to-lets and holiday let properties as demand grows.

Overseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weaker pound, according to the latest figures released.

Investors are keen to capitalise on softening prices and are looking for discounts. This could fuel demand for UK property, alongside expats planning a return to the UK.

Mortgage assistance?

If you are contemplating entering this market or require assistance with a re-mortgage, please do contact us. We have experienced independent advisers who will find the correct deal for you.

uk property holiday let expat buy-to-let

Expat Buy-to-Let Mortgages

Expat Buy-to-Let Mortgages. Wise investors are selective!

It is always recommended to be very selective before deciding on what mortgage best suits your needs. With the deals on offer it always pays to look at all the options, as an example a long-fixed rate deal may be very prudent with the fear of more interest rate rise looming.

An independent broker is recommended, and they will point you in the right direction plus save you time and money.

What a broker will do for you to save time and money?

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.

Expat buy-to-let market is stable and thriving.

The expat buy-to-let mortgage sector has been more resilient than the residential mortgage one during the past six months.

Despite initially pulling deals from the market, mortgage choice has been on a broadly upward trend since October 2024, while the small fall in average rates suggests the market remains competitive and lenders are keen to do business.

Limited company expat buy-to-let mortgages.

As this area of expat buy-to-lets mortgages grow so has the choices to the borrower. Mortgage providers have not been slow to increase the number of fixed and tracker deals. Also, the charges and interest rates have reduced as popularity has increased which goes to prove lenders are in fierce competition to secure new expat business.

Need some help?

If you need assistance when choosing your next mortgage call one of our experienced independent advisers and we will be pleased to assist.

 

expat mortgage approvals holiday let mortgages

Best Mortgage Deal for Expat Landlord

Best Mortgage Deal For Expat Landlord. Firstly The latest data and analysis highlighted failing to switch mortgage issues. Lapsing onto their lender’s Standard Variable Rate (SVR) has seen the average landlord hit with £2000 a year in extra interest.

According to the study, which looked at 5 major expat UK lenders. As analysed the jump in interest charges from each provider’s best two-year fixed rate deal to their associated SVR. Which a borrower is typically transferred to once their introductory period comes to an end.

As of January, this year, the average landlord slipping onto their lenders SVR after the initial two-year fix. They faced an extra £2,100 a year in interest payments, equating to £175 a month.

A mortgage for an expat landlord is likely to be the most expensive monthly commitment and therefore vitally important to be cost effective.

If you are confused with the mortgage plan you have do get independent advice as soon as possible. Failure to do so could be costing you thousands.

Expats are using an independent broker more and more.

Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage.

A survey showed using a broker will reduce completion times. They are fully versed in the expat mortgage process and able to react to the lender’s requirements much quicker.

Why independent?

Very simple you will have a much bigger choice of deals as an independent is not tied to any one company.

Help required?

Finally If you would like to discuss your current mortgage or require a new or re-mortgage, please do make contact. One of our qualified independent advisers will be happy to assist.

expats uk property london uk mortgage for expat

UK Mortgage for Expat

UK Mortgage For Expat. Expats looking at buy-to-lets for a secure second income

Firstly The report from financial intermediaries revealed that 70% of respondents had seen a rise in enquiries. All from British expats about buy-to-let mortgages for UK property.

These findings reflect the growing demand for buy-to-let mortgages from overseas investors. As such due partly to the strength of foreign currency against the pound.

What seems to be ongoing is investors, including expats, looking for good buying-to-let properties in Britain, but perhaps focusing on lower loan-to-values and using larger deposits to take the various changes into account, as well as adapting their portfolios and business models to maintain their profitability.

Given the strong rental market in the UK, it appears that expats are still keen to keep a foothold on their home property ladder, and whilst the buy-to-let market has faced a number of challenges recently, those taking a long-term view seem undeterred.

Good potential longer term returns

The reason for this optimism is due to the growth in demand for rental property, falling rent arrears and rising rents during the last year.

A recent survey found that 50% of expat landlords had achieved returns of between 6% and 8%. When you think of the returns a high street bank offer on investments these returns seem on paper to be very good indeed.

With rising property prices this meant that almost a third of expat landlords are enjoying rising equity in their property. And with a loan to value ratio of between 30% and 40%.

Home ownership in the UK has fallen to its lowest level for 25 years. With property prices continuing to increase, tenant demand is set to increase during 2015 and beyond.

Like to talk over your needs?

Finally if you are an expat looking for a new or re-mortgage, please do make contact. One of our qualified independent advisers will be happy to help.

 

uk property holiday lets mortgages

I Need An Expat Mortgage

I need an expat mortgage. Who needs an expat mortgage?

Firstly Britons living abroad, either temporarily or permanently, will need to obtain a mortgage from a lender that has chosen to lend to expats.
Typically, expats are looking to invest in buy-to-let property whilst living overseas. Also perhaps to provide an income in retirement or even to live in upon their return. Expat holiday buy-to-lets are getting more profitable.

The rise in stay-cationing has fuelled an increase the use of properties as holiday lets. Expats are attracted by the potential returns and keen to diversify their portfolios. Existing expat buy-to-let landlords are expanding their portfolios into holiday let. As are would-be investors who dream of owning a holiday cottage that will pay for itself.
The result, lenders have witnessed a rise in mortgages for holiday let mortgages. Loans for properties that will be rented out on a short-term basis, for at least part of the year to tourists as a business.

Exchange rates when I need an expat mortgage.

Whilst fluctuating exchange rates can, at times, provide a good opportunity for investors, it is also true to say that many expats earn better salaries abroad than they would do here in the UK. A lower cost of living means they have more disposable income and want to invest in UK property. Aside from investors enquiries from individuals looking to buy properties for their families to live in. Also frequently where children are involved, and the preference is for them to be schooled in the UK.

Selecting a mortgage to suit your needs.

Securing an expat mortgage doesn’t have to be difficult. It is always recommended to get expert professional help. As such using a specialist expat broker will without doubt give you the edge. Brokers are experienced in this type of mortgage process.

Can we help?

Finally if you are looking for an expat new or re-mortgage, please do make contact. One of our fully qualified independent advisers will be happy to assist.

uk property expat rental property

Expat Buy-to-Let v Holiday Let ?

Expat Buy-to-Let v Holiday Let? The average holiday let generated annual rental income in excess of £25,000 in 2024, more than double the average of £12,130 for residential properties, according to recent figures!!

The average holiday let property generates a whopping £1340 a week, almost FIVE times the average weekly rent in the UK.

There are now over 170,000 holiday let properties in the UK, with the average income per booking up 5% in the last quarter of 2024.

Holiday hotspots

The areas in the UK where holiday let rental growth was fastest in the last four months of 2024 were:

South of England (+17.3%)

Cornwall (+14.5%)

Devon (+8.9%)

Cotswolds (7.2%)

The rise in rental income is being boosted by international and domestic visitors looking for short-term stays in popular UK holiday destinations.

Landlords have had just about everything thrown at them of late so only time will tell if we see a shift to holiday lettings in the future.

Expat mortgages.

The range available includes fixed, tracker and standard deals with good, discounted periods. We would always recommend discussing your needs with an expert independent adviser who has all the up-to-date deals available.

This course of action can indeed save you thousands of pounds in the long term. Interest rates remain competitive with some very good longer term fixed deals available.

Can we assist?

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