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Expat Mortgage Options

Expat Mortgage Options and are good interest rates for expats still available on buy-to-lets?

Well, the answer to that is yes! If you have a sizable deposit then rates are even better.

Recent findings show that with the current interest rates available expat landlords are making a decent return on their investment.

We have seen an increase in longer term fixed rate mortgages recently. As such clients want to set their outgoings of their investment property. There is also talk of rate rises later this year so this route would seem a very sensible one to consider.

It is commonly known with expat buy-to-let mortgages the larger the deposit you can put down the better the deal that can be secured.

Recent figures show that an estimated 191,000 expats own property in the UK. Also the vast majority let their properties out to achieve extra income.

Demand for good quality rental property In the UK continues to rise year on year due prospective first-time buyers not being able to get onto the so called “property ladder”.

Rents are at an all-time high and will be rising later this year if the experts are correct.

Existing expat landlords remain confident that the future is good. They have every right to do so as property in the UK continues to increase in value consistently. Last year which was poor expats still saw their investment rise between 2-3%.

Need assistance?

Our professional independent advisers are used to dealing with all types of expat buy-to-let mortgages. They have vast experience in expat mortgage options. Please do call to discuss your requirements and we will be happy to help.

buy to let houses uk for expat mortgages

Re-Mortgage for UK Expat

Re-Mortgage For UK Expat. Expats are re-mortgaging to free up cash.

 Expat mortgage business is very buoyant currently. Especially the re-mortgage area as expats look to released locked capital within their UK properties.

A recent report shows the average amount released currently stands at over £40,000 per case as of the end of March this year and the number of re-mortgages rose by 18.5% year to date.

The report shows February and March witnessed a very strong month for mortgage lending within the expat community.

Our director of operations commented “It would seem expats have re-mortgaged their current UK property to raise funding for further purchases within the buy-to-let market”.

There are some very good re-mortgage deals on offer currently with good interest rates being available. If you are considering a re-mortgage, it may well be prudent to explore what fixed deals are on offer as at some stage interest rates are likely to rise.

Re-mortgage benefits.

There are many reasons you may wish to consider an expat re-mortgage. But, be very careful as this is not always the best advice. As an example, you may currently have a deal which if changed would incur penalties. There will be other options open to you such as a second charge loan and this should be given careful consideration. Some of the reasons for a re-mortgage are listed below.

  • Secure a better rate of interest.
  • Change to a fixed rate.
  • Raising capital.
  • Reducing existing debt.

Can we help?

 If you are contemplating a new or re-mortgage, please do make contact and one of our fully qualified independent advisers who will be happy to assist.

uk property when living abroad

Expat Buying a UK Property

Expat Buying A UK Property – Require a mortgage on a UK property?

It is perfectly possible for you to get a mortgage while working abroad.

You just need to use a mortgage adviser who is familiar with what are called expat mortgages.

These are mortgages for UK nationals who, like you, are working abroad but want to buy property in the UK. Whether it’s on a residential or buy-to-let basis.

UK expats do find it harder to get a mortgage than Britons on the mainland. Harder, yes, but not impossible, especially when you use a specialist expat broker who knows which lenders are likely to lend to you and which will do so on the best terms for your personal circumstances.

Expats should seek independent mortgage advice, it’s a great deal easier!

Thousands of expat borrowers could be missing out on a better mortgage deal by not speaking to an independent adviser, research has found.

Without seeking independent Expat mortgage advice, individuals would have missed out on the extra mortgage deals that are only available through an independent mortgage adviser/broker.

Expat mortgage approvals are increasing.

Approvals for house purchases in the UK by expats increased towards the end of 2023 and 2024 has followed the same pattern according to the latest figures.

The number of expat loan approvals for purchasing so far this year is 19% on the same period last year. Re-mortgaging saw an astonishing increase of 33% over the same period.

Can we help make your life easier?

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

expat landlord mortgages

Expat Landlord

Expat Landlord, are you contemplating incorporating your letting business?

If so – you should proceed with caution and do get independent advice!

Expat mortgage lenders are predicting there will be continuing trend towards limited company buy-to-let activity this year. But they warn this may not be the best practice for every expat.

It is understandable that expat buy-to-let landlords want to avoid paying more tax than is necessary, it is essential, as with any investment, that they fully investigate how their personal circumstances apply to buy-to-let taxation.

Many expat landlords are perhaps seeing the headlines and are considering incorporating their property investments, as limited companies are taxed differently to individuals.

Taxation for an expat is a complex issue and expat landlords should before considering this move seek advice from a tax specialist.

More expats are choosing independent broker assistance for mortgages advice.

The number of expats using an independent broker has risen steeply over the last 2 years, this figure now stands at 81% from 64% last year.

Why choose an independent broker?

First and foremost, for ease and peace of mind as an expat landlord!!

  1. Full range of mortgage choices
  2. Industry qualified advisers
  3. UK based for easy communication.
  4. Faster completion

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.

active landlords with uk expat property

Expat Property Investment

Expat Property Investment still giving sound returns in the UK.

The house rental market in the UK is very buoyant as people trying to get onto the property ladder find it more difficult due to rising house prices. Young newlyweds more often rent than buy due to the high deposit levels required to secure a first-time mortgage.

Some Experts expected the buy-to-let market to decrease. Initially it did after all the new regulations were announced but that trend has now been reversed. As such Expat lenders are reporting a very high demand for mortgages especially for expats wanting to expand their UK portfolio.

What makes a successful expat buy-to-let investor?

  1. Select the type of tenant you are targeting this could be a young couple or single person in a professional career.
  2. Ensure when selecting a property for buy-to-let it is in an area which fits your target tenant. Is it close to schools, shops, and local businesses? All these are important factors when selecting your property.
  3. Select the correct expat buy-to-let mortgage to fit your long-term planning. Do you want a fixed rate or a tracker or indeed any other product that is on offer? It is very important to seek professional advice when it comes to choosing your mortgage.
  4. This is vital for long term success, look after your tenants as you don’t want your property empty for long periods of time. Make sure you have a good maintenance company in place to look after any problems that may arise.

UK property prices are recovering and on the increase.

According to the latest figures house prices are on the rise, January and February this year saw an average 2.0% increase.

It is expected that house price increases will level out as the year goes on with a steady and reliable growth rate, again spelling good news all round for an expat investor.

Need some help with expat property investment?

Please make contact and one of our expert independent expat mortgage advisers will be pleased to assist.