Expat Mortgage Options and are good interest rates for expats still available on buy-to-lets?

Well, the answer to that is yes! If you have a sizable deposit then rates are even better.

Recent findings show that with the current interest rates available expat landlords are making a decent return on their investment.

We have seen an increase in longer term fixed rate mortgages recently. As such clients want to set their outgoings of their investment property. There is also talk of rate rises later this year so this route would seem a very sensible one to consider.

It is commonly known with expat buy-to-let mortgages the larger the deposit you can put down the better the deal that can be secured.

Recent figures show that an estimated 191,000 expats own property in the UK. Also the vast majority let their properties out to achieve extra income.

Demand for good quality rental property In the UK continues to rise year on year due prospective first-time buyers not being able to get onto the so called “property ladder”.

Rents are at an all-time high and will be rising later this year if the experts are correct.

Existing expat landlords remain confident that the future is good. They have every right to do so as property in the UK continues to increase in value consistently. Last year which was poor expats still saw their investment rise between 2-3%.

Need assistance?

Our professional independent advisers are used to dealing with all types of expat buy-to-let mortgages. They have vast experience in expat mortgage options. Please do call to discuss your requirements and we will be happy to help.

Expat Buying A UK Property – Require a mortgage on a UK property?

It is perfectly possible for you to get a mortgage while working abroad.

You just need to use a mortgage adviser who is familiar with what are called expat mortgages.

These are mortgages for UK nationals who, like you, are working abroad but want to buy property in the UK. Whether it’s on a residential or buy-to-let basis.

UK expats do find it harder to get a mortgage than Britons on the mainland. Harder, yes, but not impossible, especially when you use a specialist expat broker who knows which lenders are likely to lend to you and which will do so on the best terms for your personal circumstances.

Expats should seek independent mortgage advice, it’s a great deal easier!

Thousands of expat borrowers could be missing out on a better mortgage deal by not speaking to an independent adviser, research has found.

Without seeking independent Expat mortgage advice, individuals would have missed out on the extra mortgage deals that are only available through an independent mortgage adviser/broker.

Expat mortgage approvals are increasing.

Approvals for house purchases in the UK by expats increased towards the end of 2023 and 2024 has followed the same pattern according to the latest figures.

The number of expat loan approvals for purchasing so far this year is 19% on the same period last year. Re-mortgaging saw an astonishing increase of 33% over the same period.

Can we help make your life easier?

If you are looking for a new or re-mortgaging, please do make contact and one of our fully independent advisers will be happy to assist.

Expat Property Investment still giving sound returns in the UK.

The house rental market in the UK is very buoyant as people trying to get onto the property ladder find it more difficult due to rising house prices. Young newlyweds more often rent than buy due to the high deposit levels required to secure a first-time mortgage.

Some Experts expected the buy-to-let market to decrease. Initially it did after all the new regulations were announced but that trend has now been reversed. As such Expat lenders are reporting a very high demand for mortgages especially for expats wanting to expand their UK portfolio.

What makes a successful expat buy-to-let investor?

1. Select the type of tenant you are targeting this could be a young couple or single person in a professional career.
2. Ensure when selecting a property for buy-to-let it is in an area which fits your target tenant. Is it close to schools, shops, and local businesses? All these are important factors when selecting your property.
3. Select the correct expat buy-to-let mortgage to fit your long-term planning. Do you want a fixed rate or a tracker or indeed any other product that is on offer? It is very important to seek professional advice when it comes to choosing your mortgage.
4. This is vital for long term success, look after your tenants as you don’t want your property empty for long periods of time. Make sure you have a good maintenance company in place to look after any problems that may arise.

UK property prices are recovering and on the increase.

According to the latest figures house prices are on the rise, January and February this year saw an average 2.0% increase.

It is expected that house price increases will level out as the year goes on with a steady and reliable growth rate, again spelling good news all round for an expat investor.

Need some help with expat property investment?

Please make contact and one of our expert independent expat mortgage advisers will be pleased to assist.

 

Expat Mortgage Options

Do you live overseas and want to buy a property in the UK? Considering your Expat Mortgage Options?

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. As such perhaps to provide an income in retirement or even to live in upon their return.

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.

As an expat are you thinking of entering the Buy-to-Let market?

 If so, firstly seek advice on your tax position and if incorporation (Limited Company) could be right for you.

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

Interest only mortgage.

Good potential returns on your capital invested.

Potentially better returns than on offer at high street banks.

Above are just some of the reasons why expats are considering a buy-to-let investment. If you are thinking of entering this market, 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 but the bigger the deposit the better the deal.

Can we help?

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

 

Buy UK Property From Abroad

An expat mortgage broker will get the best deal for you.

When funding big investments, such as the purchase of a property, choosing the finance method is a vitally important part of the process. An expat independent mortgage broker acts as a go-between who helps the borrower identify the most suitable lender. Furthermore a direct lender is a bank or other financial institution that decides whether the consumer qualifies for the loan. As such, to buy UK property from abroad has never been easier.

The challenges mortgage brokers help you overcome.

More than 65% of expat buy-to-let landlords use an independent broker because researching suitable mortgage products is a challenging task. When setting up an expat mortgage from abroad it is so helpful to have your independent adviser based in the UK who can conduct the process on your behalf, it saves time and money!

Every expat has unique needs and objectives but one thing we all have in common is saving money.

If your current mortgage deal has no exit penalty or is coming to the end of its deal period, you may wish to look at a fixed rate deal. There are currently some very advantages rates on offer so now could be a very good time to act.

Re-mortgage to reduce your outgoings.

There are many reasons to consider a re-mortgage especially if you are currently on the standard variable rate (SVR) but you should remain cautious as this is not always the correct action to take.

Always seek independent advice as to the best way forward for yourself as your current plan may well have penalties. The most popular re-mortgage reasons are listed below.

Securing a better rate of interest

Changing to a fixed deal to manage outgoings.

Raising capital

Reducing current loans or credit cards

Mortgage advice?

If you need assistance with a new or re-mortgage, then please contact our expert independent advisers who are waiting to help.