Can I Become An Expat Landlord ?

Expat Landlords expanding every year

Recent figures show that an estimated 265,000 expats own property in the UK and the vast majority let their properties out to achieve extra income.

Looking at the immediate future, it would seem to be very good advice if you are an expat landlord to review all aspects of your UK property.

In the last 4 weeks we have seen a big increase of enquiries into buy-to-let fixed rate deals. Good news is there are still some very good deals to be had which could assist you protecting your profitability.

Way forward as an Expat Landlord

Next up, get in touch with an accountant and see what can be done to reduce the effect of current taxation. Completely review your current mortgage deal to make absolutely sure the deal you have meets your needs now and the longer term. It may very well be you currently have the correct mortgage, but it won’t do any harm to check it out.

By just completing these simple tasks you could very well save yourself thousands of pounds over the next few years.

Wise move for Expats to seek independent advice and a great deal easier!

Research suggests that many expat borrowers may not be getting the best mortgage deals because they aren’t consulting independent advisers. It was found that 69% of people who approached lenders directly hadn’t changed their mortgage in the past five years, while 74% stayed with their lender believing they already had a good deal. By not seeking independent expat mortgage advice, these individuals missed out on exclusive offers available only through mortgage brokers or advisers.

The study also highlighted a need for the mortgage industry to better communicate the benefits of independent advice, with just 30% of those who went straight to lenders saying they might approach an adviser next time. Additionally, 60% who didn’t seek advice last time were unaware that mortgage advisers are there to assist borrowers, and 34% mistakenly thought advisers supported lenders instead.

Ultimately, expat borrowers working with independent mortgage advisers have access to a much wider range of advantageous deals than those who go directly to lenders.

Need some mortgage advice?

If you wish to review your current mortgage, please do contact one of our qualitied independent advisers and we will be pleased to help.