As an expat whatever reasons you may have for considering purchasing a house or flat in the UK, the good news is that there are lenders who are more than willing to offer expats a mortgage. Many providers don’t even advertise the fact.
Brexit has not deterred expats from buying in the UK, in fact since the vote activity has increase by 13%.
The expat mortgage market is very complex, and you should seek professional advice as to what product best meets your needs.
Items you will need to apply
- Deposit available
- Certified proof of address
- Certified ID (Passport)
- Bank statements (Normally 6 months)
- Wage slips (Normally 6 months)
- Certified accounts if self-employed.
These requirements vary from lender to lender and the above is just to give you a guide to help speed up the process. Contact us for any assistance you may require.
Expat mortgage applications are currently at an all-time high and the outlook for 2021 remains positive. It would seem that the high property prices do not deter the investor. Expats seem to have the attitude that investing in savings accounts are a lost cause and property offers far better returns in the long run.
According to recently released figures the UK property market has been the best performing in the whole of Western Europe. It is therefore not surprising that so many people want to invest in an ever-shrinking market.
Can we assist you?
If you are looking for a new or re-mortgage do get in contact and one of our qualified independent advisers will be happy to help.