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.

Expat Wanting to Buy a Property in the UK?

Who needs an expat mortgage and what are the typical reasons?

Britons living abroad, either temporarily or permanently. Expats 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. Often much more 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 you will be aware there are not manty other countries in the world that offer such potentially good long term returns on property as the UK does.

Aside from investors, enquiries from individuals looking to buy properties for their families to live in. They are 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. Using a specialist expat broker will without doubt give you the edge as they will be experienced in this type of mortgage process.

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.

Buying Property in the UK when living abroad.

Expat buy-to-let investments will continue to offer attractive rates of return compared to other asset classes, expat investors have increasingly searched out cheaper and higher yielding properties, research has found.

Living abroad and buying a UK flat, apartment or house doesn’t have to be a tedious task, the best way to proceed is to engage an independent expat mortgage adviser as they will have access to all deals available. They also will be local and able to deal with question as they arise.

 As an expat thinking of entering the Buy-to-Let market.

More and more expat investors are considering entering this market for various reasons. What can a buy-to-let investment offer you? Buying property in the UK when livinga broad may be easier to finance than you realise.

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

Nearly half of 25 to 34-year-olds live in the private rented sector (46%), almost double the percentage in 2006 (24%). There has also been a considerable increase in the proportion of 35-44-year-olds in the private rented sector over the past decade, rising from 11% to 29%.

Expat buy-to-let mortgages play a vital role in supporting housing supply in the private rented sector, with the market representing nearly 13% of new UK mortgage lending.

Can we help?

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