yacht crew expat mortgages

Investment Property for UK Expats

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Average UK house prices have broken through the £300,000 mark for the very first time as the demand continues to grow month on month.

According to the largest estate agent in the UK the overall average house price has risen to a staggering £304,000 in November 2024.

Expats who have owned a property in the UK for the last 14 years have seen growth of almost £100,000 on average. If you compare this to the returns that would have been achieved had the equivalent cash been invested in a high street bank it’s staggering!!

Its little wonder expats are so keen to either get into the UK property market or increase their current holding.

Mortgage applications this month have hit a record all time high with completions following very closely behind.

6 out of 10 regions across the UK achieved record asking price highs.

London           Average            £644,000

Southeast      Average            £399,000

East Anglia    Average             £326,000

Southwest      Average            £292,000

West Mid        Average            £204,000

Northwest      Average            £177,000

Mortgages for expats still offer attractive interest rates; this is helping fuel the surge of applications.

Expat buy-to-let mortgages have also been very active in the last few months due to expats increasing their holdings in the UK.

Need some assistance?

If you require any help with your new or re-mortgage, please do call one of our fully qualified independent advisers.

 

yacht crew expat mortgages

Buying UK Property When Living Abroad

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Expat buy-to-let investments will continue to offer attractive rates of return compared to other asset classes, expat investors have increasingly searched out cheaper and higher yielding properties, research has found.

 Living abroad and buying a flat, apartment or house in the UK doesn’t have to be a tedious task, the best way to proceed is to engage an independent expat mortgage adviser as they will have access to all deals available.

They also will be local and able to deal with question as they arise.

Expat buy-to-let mortgages play a vital role in supporting housing supply in the private rented sector, with the market representing nearly 13% of new UK mortgage lending.

 Best Cities to explore if you are thinking of investing

Despite a barrage of tax changes, there are still pockets of the market where investing can be very profitable.

A recent report on buy-to-let yields available across major towns and cities in the UK found that Liverpool and Nottingham are now the UK’s best performing property investment locations.

According to the research, both cities enjoy average rental yields of 7.2% once mortgage costs are considered. Liverpool has retained its top position since May 2022, although the city has seen rental yields compress due to falling rental prices.

In third position is Cardiff, with average yields of 6.5% after the average rent paid in the city rose from £946 to £1,301 over the past two years.

Significantly, London and the Southeast are absent from the top 10, as high purchase costs have put a severe dampener on yields. Rents in the capital have also been coming down, as renters appear to have maxed out what they can afford to pay each month.

Can we help?

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