buy to let houses uk for expat mortgages

Re-Mortgage for UK Expat

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Re-Mortgage For UK Expat. Expats are re-mortgaging to free up cash.

 Expat mortgage business is very buoyant currently. Especially the re-mortgage area as expats look to released locked capital within their UK properties.

A recent report shows the average amount released currently stands at over £40,000 per case as of the end of March this year and the number of re-mortgages rose by 18.5% year to date.

The report shows February and March witnessed a very strong month for mortgage lending within the expat community.

Our director of operations commented “It would seem expats have re-mortgaged their current UK property to raise funding for further purchases within the buy-to-let market”.

There are some very good re-mortgage deals on offer currently with good interest rates being available. If you are considering a re-mortgage, it may well be prudent to explore what fixed deals are on offer as at some stage interest rates are likely to rise.

Re-mortgage benefits.

There are many reasons you may wish to consider an expat re-mortgage. But, be very careful as this is not always the best advice. As an example, you may currently have a deal which if changed would incur penalties. There will be other options open to you such as a second charge loan and this should be given careful consideration. Some of the reasons for a re-mortgage are listed below.

  • Secure a better rate of interest.
  • Change to a fixed rate.
  • Raising capital.
  • Reducing existing debt.

Can we help?

 If you are contemplating a new or re-mortgage, please do make contact and one of our fully qualified independent advisers who will be happy to assist.