london property for expat landlords

Expat Landlords

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Expat Landlords are growing daily!

Recent figures show that an estimated 250,000 expats own property in the UK, the vast majority let their properties out to achieve extra income.

Expat Mortgages For Landlords.

One client of ours we recently spoke to said: “as an expat with 4 rental properties I am returning to the UK for a meeting with my accountant to review the tax laws on buy-to-lets”. “I am also currently reviewing my mortgages with a view to fixing a rate for as long as possible. Also I am taking advice on incorporating”.

Do consider the immediateand medium term future. It would seem to be very good advice if you are an expat landlord to review all aspects of your UK property. Good news is there are still some very good deals to be had which could assist you protecting your profitability.

Things to look at as an Expat Landlord.

Firstly, get in touch with an accountant and see what can be done. Get advice to reduce the effect of the new tax laws. Secondly completely review your current mortgage deal to make absolutely sure the deal you have meets your needs now and the longer term.

It may very well be you currently have the correct mortgage. But it won’t do any harm to check it out. Consider incorporating your properties into a limited company and get professional advice as this will NOT suit all expats.

By just completing these two simple tasks you could very well save yourself thousands of pounds over the next few years.

Need some mortgage advice?

If you wish to review your current mortgage, please do contact us.  Our qualified independent expat mortgage advisers will be pleased to help.

uk property

Expat Investing in UK Property.

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Expat Investing in UK Property.

Rents have risen sharply over the last year and are expected to continue moving upwards. A result of supply and demand pressures persisting.

Annual rental growth is now 13.3%, according to the latest UK Rental Market Report, outpacing earnings growth in all regions and countries of the UK.

The property portal said that average rents have risen by £125 a month over the last year to £1,109.

Rents are rising quickly across all parts of the UK, ranging from 7.6% in the Northeast to almost 18% in London.

Supply shortages

Rents are being pushed up by the severe and chronic undersupply of homes to rent, according to a recent report.

The rental market faces an imbalance of supply and demand that has led to a surge in rents. The stock of homes for rent remains almost half the average compared to the last five years.

At the same time, private landlords continue to sell their homes in the face of significant tax and regulatory changes.

Demand for two-bed flats has risen dramatically which is likely due to rising energy prices. The gas needed to heat a purpose-built flat is 40% lower than that for a three-bed house.

Latest figures clearly show that the chronic undersupply of rental homes shows no sign of changing, which means that rents are expected to continue to grow at above average rates into 2024.

Need some help?

If you are thinking of re-mortgaging or want advice on a new mortgage, please do call or contact and one of our fully qualified advisers who will be happy to assist.

london property uk expats

Expat Wanting to Buy a Property in the UK?

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Expat Wanting to Buy a Property in the UK?

Who needs an expat mortgage and what are the typical reasons?

Britons living abroad, either temporarily or permanently. Expats 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. As such 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. Often much more 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.

As an expat you will be aware there are not manty other countries in the world that offer such potentially good long term returns on property as the UK does.

Aside from investors, enquiries from individuals looking to buy properties for their families to live in. They are frequently where children are involved, and the preference is for them to be schooled in the UK.

Selecting a mortgage to suit your needs.

Securing an expat mortgage doesn’t have to be difficult. It is always recommended to get expert professional help. Using a specialist expat broker will without doubt give you the edge as they will be experienced in this type of mortgage process.

Can we help?

If you are looking for an expat new or re-mortgage, please do make contact. One of our fully qualified independent advisers will be happy to assist.

uk property expat buy to let

Expats UK Property Searches Increase

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Expats UK property searches increase month on month.

Brits living in countries where the currency is pegged to the USA’s, such as Hong Kong have been attracted to investing in property back in their home country.

What is happening is investors, including expats, are still buying-to-let in Britain. But perhaps focusing on lower loan-to-values and using larger deposits to take the various changes into account. As well as adapting their portfolios and business models to maintain their profitability. For example, by looking at up-and-coming areas across the UK instead of the more traditional rental hotspots like London.

The property portal found that searches for UK property by overseas buyers have grown steadily over the last 12 months. Expats are actively looking to secure buy-to-lets in the UK as demand and profitability increases.

They now account for 8.2% of all activity on the portal in the last three months of this year, compared to just 3.8% a year ago.

It said most expat investors are keen to capitalise on softening prices and a weaker pound.

More expats are choosing independent broker assistance for mortgages advice.

The number of expat mortgages coming through independent brokers has risen steeply over the last 2 years, this figure now stands at 78% from 64% last year.

There has been a steady increase in mortgages sold by intermediaries to expat buyers and re-mortgagers as the market remains very buoyant indeed.

Assistance required?

If you would like help with your new or re-mortgage, please make contact and one of our independent advisers will be happy to help.