Review Your Expat Mortgage Deal

 Expats who avoid reviewing their current expat mortgage deal could well pay for this error in the long term as interest rates look to be going upwards.

Not everybody will benefit from changing their mortgage, but it certainly makes sense to check how your existing deal stands up to the future.

A “wait and see” approach is best avoided for existing expat UK homeowners considering re-mortgaging.

 Use an independent broker

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

2022 has seen a large increase of approved mortgage applications compared to the same period last year. These increases show how restrictions are being eased by lenders as they compete for every single bit of business

Lenders are still holding interest rates steady as the prospect of the Bank of England raising rates even further is a real possibility. All this news is giving the expat borrower confidence in re-mortgaging for the longer term. 

Like to know more?

If you require help with your new or re-mortgage, please do contact one of our fully qualified independent advisers who will be happy to assist.