yacht crew expat mortgages

Expat Landlords Needed !

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Expats looking to invest in UK property

If you are an expat and considering buying a new property in the UK or expanding your current portfolio you may wish to read on!

Rents around the Country are set to soar

Rents are set to surge by 17% over the next five years, as a shortage of properties pushes up prices.

The reduction of new property coming to the market last month was the most striking aspect of the market, with 27% more surveyors noting a fall rather than a rise in new landlord instructions. It is the eighth consecutive month of declining supply.

The shortfall will have a limited impact in the short term, raising rents by around 2-4% nationally, but by 2029 there will be a significant increase in costs for tenants, according to the findings.

Raising an expat UK mortgage

Finding a property you want in the UK is the first step and is relatively easily done. The next issue to address is raising that all important expat mortgage.

Good news is this is not as difficult as it sounds so don’t be put off or misinformed by what you may hear from the banks overseas. The expat mortgage market has grown significantly over the last 2 years and lenders are very keen to secure your business.

With the correct advice and support securing an expat mortgage can be a very simple process. Getting this support is a vital component in the chain of events, due to the applicant’s location, as it is likely he or she will be living abroad.

Using a broker registered with the FSA in the UK you’ll enjoy a number of advantages compare to “going it alone”.

These include:

  • Choice of deals currently available
  • Choice of lenders
  • Expert advice
  • Fully qualified adviser
  • FSA regulated

Can we assist?

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

yacht crew expat mortgages

Can A UK Expat Remortgage Their UK property ?

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Expats are releasing equity due to higher loan to values (LTV) deals on offer

 Expat mortgage business is very buoyant currently and in particular 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 February this year and the number of re-mortgages rose by 26.3% year to date.

This high activity is attributed to the much-increased LTV deals on offer now and expats seeking new investment opportunities.

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

Over the coming week’s speculation about the possibility of rate rises will continue to dominate the news and have an unsettling effect on the markets. However, this should not dissuade people from re-mortgaging if there is a financial benefit to the borrower.

There are many 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.

Expats who avoid reviewing their current mortgage deal could well pay for this error in the long term.

Not everybody will benefit from changing their mortgage, but it certainly makes sense to check how your existing deal stands up to the future.

A “wait and see” approach is best avoided for existing expat UK homeowners considering re-mortgaging.

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.

 

 

yacht crew expat mortgages

Can a UK Expat get a Mortgage ?

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Real value for money and long-term security in the UK property

The UK property market 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.

Selecting a mortgage to suit your needs can be complicated

Securing an expat mortgage doesn’t have to be difficult, it is always recommended to get expert independent 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.

New higher loan to value (LTV) expat mortgages!!

 There are now up to 90% LTV mortgages available at advantageous rates. So, unlike the past expats have a lot more choices available which can only be good news.

 Expats with salaries paid in the following currencies can apply

 These deals are open to expats abroad with proven salaries in the following currencies.

Sterling, Euro, Swiss Franc, Norwegian Krone, US Dollar, Canadian Dollar, Singapore Dollar, Hong Kong Dollar, UAE Dirham, Kuwaiti Dinar, Qatari Riyal, Australian Dollar, New Zealand Dollar, Danish Krone, Swedish Krona, Saudi Riyal.

Need assistance?

Our professional team of fully qualified independent advisers are used to dealing with all types of expat re-mortgage/mortgage business. Please do call to discuss your requirements and we will be happy to help.