Expat landlords will be confident.
It has been an extremely hard year for landlords up and down the UK and those living abroad.
The good news is that, despite all the recent changes rewards for landlords can still be exceptionally good.
Demand for good quality rental property continues to rise year on year due to prospective first-time buyers not being able to get onto the so called “property ladder”.
Rents are at an all-time high and will rise later this year if the experts are correct.
Expat landlords remain confident that the future is good, and they have every right to do so as property in the UK continues to increase in value consistently.
Last year alone the property owners in the UK saw their investment rise between 3-6% and you simply cannot earn this if your money is invested in a high street bank.
Expats re-mortgaging to secure the future.
Expat re-mortgaging levels have soared to an eight-year high in July as borrowers take advantage of lower monthly repayments the latest figures have revealed.
The value of re-mortgaging fell due to a drop in the average loan size, but with overall mortgage activity down it still accounted for two-fifths of total lending in July this year.
Expats who have not reviewed their current mortgage deal recently would be well advised to do so as rates are expected to rise in the future.
If you would like to review your current mortgage, please do make contact and one of our fully experienced independent advisers will be happy to assist.