UK Expat Mortgage.

Expat with a UK mortgage?

Mortgage rates are unlikely to improve in the near future. So now is the ideal time for Expats to secure a fixed-rate deal on their mortgage if it’s financially viable.

Expats who are on a standard variable rate (SVR) or coming to the end of their term have the potential to save themselves thousands of pounds on their mortgage.

Is it a good time to buy in the UK?

The very quick and simple answer is yes!

The affordable properties that are available to purchase seem to be diminishing on a daily basis. This without doubt will mean higher prices you have to pay in the future. Prices are reasonably stable at present, and sellers are prepared to accept an offer to sell.

Selecting a mortgage to suit your needs.

Securing an expat mortgage doesn’t have to be difficult. Therefore it is always recommended to get independent expert professional help. Also using a specialist expat broker will without doubt give you the edge. They will be experienced in this type of mortgage process.

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. As such they can answer any queries they may have, saving you time and money.

Help required?

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

Expat Rental Property.

Expat buy-to-lets are stable and producing positive returns.

Rental income is still increasing and tenant demand for buy-to-let properties remains consistently high. These conditions are keeping expat landlords on a very positive footing after so much adverse news in the last six months.

The general feeling within the expat landlord community is that things will remain fairly stable in the coming months. One expat commented “my confidence remains high as I know it is so difficult for couples to get onto the property ladder with ever increasing property prices”.

Expat Rental Survey

A recent survey of expat landlords shows that over 60% have seen a large increase in demand for rental properties within the last 6 months. A multiple expat owner in the north said, “I have never found it so easy to let any of my properties, whether it is a 2 or 3 bedroomed seems to make no difference at all”. “I am finding rents are remaining stable and easily keeping pace with inflation so all in all I am very pleased”.

The survey also reported that a lot of expats intend to increase their property holdings over the next year. The consensus is that buy-to-let property over the long term is still a very sound and solid investment.

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. As well as an increased demand for rental property.

Can we assist?

It is vital to get the right mortgage to suit your needs. We have a team of fully qualified independent advisers waiting to help you. Do Contact Us to discuss your circumstances

Expat Buy To Let Remortgage.

Expat landlords may wish to consider re-mortgaging.

In order to re-mortgage effectively, it’s important to first establish the purpose of re-mortgaging.

Most UK expat and foreign national investors will re-mortgage to avoid higher rates. Furthermore, expats can better devise a stable financial plan for their investment. There are also other ways to utilise a UK expat buy to let or foreign national mortgage.

Some UK expat and foreign national investors might take the opportunity to use their re-mortgage to fund further property purchases and build a larger portfolio.

Those who have made strong capital gains or for those who have a lower loan to value, as negotiating a preferential deal will be made easier as they are in a stronger bargaining position.

We have also seen re-mortgaging increasingly utilised as a tool with which to conduct environmental renovations.

As of 2025, properties with an EPC rating below a C will not be able to accept new tenants. As of 2028, existing tenants on these properties will no longer be allowed to occupy them.

So, many UK expat and foreign national landlords are faced with no other option than renovating energy inefficient properties.

Re-mortgaging is an excellent way to do this as UK expat and foreign national investors can use the equity in their property to raise capital with which to conduct renovations.

Selecting a remortgage to suit your needs.

Securing an expat mortgage doesn’t have to be difficult, it is always recommended to get expert professional help. Using a specialist expat broker will without doubt give you the edge as they will be experienced in this type of mortgage process.

Help required?

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

Expat buy-to-let or Holiday Let?

The average holiday let generated annual rental income of £25,700 in 2023. This represents more than double the average of £12,130 for residential properties, according to recent figures.

Holiday Let Income.

As such the average holiday let property generates a whopping £1250 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 7% in the last quarter of 2023.

Holiday hotspots

The areas in the UK where holiday let rental growth was fastest in the last four months of 2023 were:
South of England (+17.3%)
Cornwall (+14.5%)
Devon (+8.9%)

Rental Income Rise.

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

Overseas Visitors.

There were a record number of visits to the UK in 2023 of over 28 million. Overseas visitors contributed more £22bn to the UK economy. The number of overseas visitors increased 7% in the last three months of 2023 (compared to the same period in 2022) and the amount they spent increased 13%.

The weak pound is persuading millions of Britons to remain in the UK this summer and attracting more overseas visitors to the UK. The strength of the UK tourist industry is paying dividends for holiday property owners in abundance. 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.

Can we assist?

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

Expat Landlords are growing daily!

Recent figures show that an estimated 250,000 expats own property in the UK, the vast majority let their properties out to achieve extra income.

Expat Mortgages For Landlords.

One client of ours we recently spoke to said: “as an expat with 4 rental properties I am returning to the UK for a meeting with my accountant to review the tax laws on buy-to-lets”. “I am also currently reviewing my mortgages with a view to fixing a rate for as long as possible. Also I am taking advice on incorporating”.

Do consider the immediateand medium term future. It would seem to be very good advice if you are an expat landlord to review all aspects of your UK property. Good news is there are still some very good deals to be had which could assist you protecting your profitability.

Things to look at as an Expat Landlord.

Firstly, get in touch with an accountant and see what can be done. Get advice to reduce the effect of the new tax laws. Secondly completely review your current mortgage deal to make absolutely sure the deal you have meets your needs now and the longer term.

It may very well be you currently have the correct mortgage. But it won’t do any harm to check it out. Consider incorporating your properties into a limited company and get professional advice as this will NOT suit all expats.

By just completing these two simple tasks you could very well save yourself thousands of pounds over the next few years.

Need some mortgage advice?

If you wish to review your current mortgage, please do contact us.  Our qualified independent expat mortgage advisers will be pleased to help.