uk property holiday lets mortgages

UK Holiday Let Mortgage

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UK Holiday Let Mortgage. As an expat have you ever considered a holiday let property in the UK?

Owning a holiday let in the UK as an expat offers financial, personal, and community benefits. The UK’s popularity with tourists means well-placed properties can earn substantial rental income, especially during peak seasons like summer and holidays.

Tax advantages

Another key benefit is the tax incentives available to holiday let owners. Properties that meet the criteria for a furnished holiday let (FHL) can benefit from tax reliefs not available to long-term rental properties. This includes allowances for mortgage interest, capital gains tax relief, and the ability to claim capital allowances on furniture and fixtures.

Expats are seeking more expert help to secure mortgages on UK properties

Expats can get a standard residential home loan, but lenders usually require proof that close family live in the home. Because most expats work overseas, a buy-to-let mortgage is often more suitable.

Approximately 5.2 million British citizens reside abroad, with many eager to maintain a property in the UK or invest in one for rental purposes. However, mortgage choices are fairly limited, and generally you’ll require a specialist landlord mortgage.

You will typically need to seek out a specialist lender, and this is where the expat broker can assist you in making the correct choice.

Help required?

If you are an expat looking for a new or re-mortgage, please do get in touch. And one of our fully qualified independent advisers will be happy to assist.

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Can I Get An ExPat Mortgage ?

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Can I Get An ExPat Mortgage ? The expat buy-to-let market continues to grow annually

 More and more expat investors are considering entering this market for various reasons. What can a buy-to-let investment offer you?

  • Interest only mortgages
  • Good potential returns on capital invested.
  • Tax efficiency
  • Attractive mortgage interest rates

 Exchange rates

 Although changes in exchange rates can occasionally benefit investors, many expatriates find that they earn higher salaries overseas than they would in the UK. With a lower cost of living, they have greater disposable income and are interested in investing in UK property.

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

Selecting a mortgage to suit your needs

Obtaining an expat mortgage can be straightforward, especially if you seek assistance from experienced professionals. Working with a specialist expat broker can be highly advantageous, as they have expertise in handling this type of mortgage.

Expat mortgages

The range available includes fixed, tracker and standard deals with good, discounted periods. We would always recommend discussing your needs with an expert independent adviser who has all the up-to-date deals available.

This course of action can indeed save you thousands of pounds in the long term. Interest rates remain competitive with some very good longer term fixed deals available.

Higher loan-to-value deals have recently become available, which may help expat first-time buyers. Discuss these options with your independent adviser.

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.

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Buying Property in the UK Whilst Living Abroad

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Buying Property in the UK Whilst Living Abroad.

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.

New higher loan to value expat deals have impacted the market significantly

Recently, the expat mortgage market has experienced significant growth, thanks to new high loan-to-value options becoming available.

With interest rates remaining steady, business activity has increased further. Expat inquiries are reaching record levels, led primarily by a strong re-mortgage market.

Expat mortgages are now easier and quicker to complete than ever before.

In the past two years, the time required to complete a new mortgage or re-mortgage for expats has decreased considerably.

More expats than ever are turning to independent brokers to help them secure both new mortgages and re-mortgages.

A survey found that brokers speed up completion times because they understand the expat mortgage process and respond quickly to lenders.

Like to know more?

If you require help with your new or re-mortgage, please do contact one of our fully qualified independent advisers who will be happy to assist.