Expats are you paying out more than you need to?

Expats whose mortgages are expiring or who are on their lender’s default rate could save over £4,500 by switching to a fixed-rate product. Research shows that moving from the lender’s Standard Variable Rate (SVR) may yield savings of more than £4,500 in one year.

Is it time to review your mortgage deal?

With mortgage rates unlikely to go down soon, some people might opt for a fixed-rate mortgage. If you’re on a standard variable rate or your term is ending, switching could lower your payments and leave you with extra money to spend on things like renovating your home or taking a trip.

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

The expat mortgage market is currently very active, especially in the re-mortgage sector, as expats aim to unlock capital tied up in their UK properties.

A recent report indicates that, as of January this year, the average amount released per case exceeds £40,000, with the number of re-mortgages rising by 28.8% year to date.

This surge in activity is due to the wider range of high loan-to-value (LTV) deals now available and expats looking for new investment opportunities.

Use an independent broker to review your mortgage for ease and savings!

The only interest rate that can be assured is the one currently available. Individuals considering mortgage refinancing are advised to consult a mortgage broker, as brokers may facilitate access to a broader range of products. It is essential to evaluate all associated fees, early redemption penalties, terms regarding fixed interest rates, and long-term financial projections.

Mortgage brokers possess expertise in the market and provide clients with access to multiple mortgage solutions, often identifying advantageous options that may not be immediately apparent.

Can we help?

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