yacht crew expat mortgages

UK Expats In Positive Mood

If there is one area of the mortgage market many expect to present a challenge then it is the expat buy-to-let, but its demise has been greatly exaggerated.

This year alone has seen more new expat buy-to-let deals complete than at any time in the last 5 years. This is a sector that has confounded many experts in terms of its continued strong performance.

Another expat area that has remained strong is the first-time buyer market. Arguably, despite affordability issues, availability both in property and mortgages means there has not been a better time for expats to get on the housing ladder in the UK.

Traditionally the UK housing market always seems to outperform most of the other investment vehicles on offer in the UK.

There is a feeling within the industry it is only a matter of time before interest rates start to climb. This said if you are an expat considering buying property in the UK it may well be a very good time to start looking.

If you are an expat with a mortgage on a UK property this is a very good time to review it to make sure the deal you have best suits your needs.

Mortgage choices

Expats have a selection of both new and re-mortgage products to choose from. Interest rates remain at present reasonable especially compared to a few years ago. Deals including tracker and fixed are readily available from a number of lenders.

Can we help?

If you are looking for a new or re-mortgage, please do contact us and one of our fully qualified advisers will be happy to assist.

yacht crew expat mortgages

UK Expat Borrowing

Almost 5.3 million Britons live or work outside the UK and many of them don’t want to give up property ownership in the UK.
Over the past 20 years expat mortgages have grown in stature as more Brits see owning a property in the UK as a very good long-term investment.
Who needs an expat mortgage and what are the typical reasons?
Britons living abroad, either temporarily or permanently, 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, 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 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.
Value for money
The UK property market still offers really good value for money if you own a property or can afford to buy one.
Anybody who has owned a property in a good area of the UK over the last 15 years would have seen their investment grow substantially.
Traditionally the UK property market has always offered good value long term investment potential and there is no reason to believe this will not continue long into the future.
Mortgage advice?
If you need assistance with a new or re-mortgage then call our expert independent advisers who are waiting to help.

yacht crew expat mortgages

Expats Expand Property Portfolios

Last year saw a record level of expat buy-to-let mortgage approvals as expat landlords look to increase their portfolios.

Recent surveys of expat landlords clearly reveal they are in the market to increase their holdings as quickly as possible.

The reasons are numerous for this trend, but it felt within the industry that Brexit has a lot to do with it. The survey revealed that over 50% of current landlords are achieving net returns of between 7% and 11% on their current portfolios. This is obviously a much larger return than any traditional savings account can currently offer.

With house values still on the increase year on year expats are also seeing the equity within their properties increasing at a very steady rate.

So, with all this positivity it is little wonder buy-to-let mortgages are increasing rapidly.

Home ownership in the UK has fallen to its lowest level for over 30 years which may well shock some people. When you look at the overall cost of buying a property in the UK perhaps it is not quite so surprising.

Buy-to-let mortgages.

We always recommend being very selective before deciding on what mortgage best suits your needs.

With so many deals on offer it always pays to look at all the options, for example a long-fixed rate deal may be very prudent with the fear of a rate rise looming.

Need some help?

If you need assistance when choosing your next mortgage call one of our experienced independent advisers and they will be pleased to assist.