Expats and the UK buy to let market are expanding rapidly

Expat buy-to-let mortgages enable UK nationals living abroad to invest in UK rental properties while residing overseas.

However, they differ from standard buy-to-let mortgages due to the complexities of international finance.

Consider these points before pursuing this type of investment.

• Lender Criteria
  • Lenders often have specific requirements regarding the applicant’s country of residence, income verification, and credit history.
  • Many lenders will have restrictions on the number of buy to let properties that one person can own.
  • It is common for lenders to require that the applicant hold a UK passport.
• Rental Income Coverage
  • Lenders assess the property’s potential rental income to ensure it covers the mortgage repayments.
• Currency Fluctuations
  • For those earning in foreign currencies, fluctuations can impact affordability. Lenders will factor this risk into their assessments.

Get expert help, it will pay in the long run!!

Expats should consult specialist mortgage brokers for independent advice on these complex mortgages.

Expat buy-to-let limited company mortgages.

The majority of the expat buy to let purchase transactions made through limited companies last year were related to additional property acquisitions, although the figures also include expats selling property they already own personally into a corporate structure. Once again before deciding if this is the route for you do get expert professional advice.

Can we help?

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