If there is one area of the mortgage market many expect to present a challenge then it is the expat buy-to-let, but its demise has been greatly exaggerated. This year alone has seen more new expat buy-to-let deals complete than at any time in the last 5 years. This is a sector that has confounded […]
Almost 5.3 million Britons live or work outside the UK and many of them don’t want to give up property ownership in the UK. Over the past 20 years expat mortgages have grown in stature as more Brits see owning a property in the UK as a very good long-term investment. Who needs an expat […]
Last year saw a record level of expat buy-to-let mortgage approvals as expat landlords look to increase their portfolios. Recent surveys of expat landlords clearly reveal they are in the market to increase their holdings as quickly as possible. The reasons are numerous for this trend, but it felt within the industry that Brexit has […]
The UK buy-to-let market “may have turned an important corner” with major lenders launching lower rates for expat mortgages at less than 1% over the Bank of England base rate. This coincides with property portals, Zoopla and Rightmove, saying that the supply of houses put on the market rose by 5.9% in January with […]
There was a 0.9% rise in house prices on a monthly basis in January. This comes off the back of two monthly price drops in a row and gives an annual rise of 6.3%, leaving the average property asking price at the start of 2023 at £362,438. Additionally, the number of would-be buyers contacting […]
Recent figures show that an estimated 220,000 expats own property in the UK and the vast majority let their properties out to achieve extra income. Expat landlords could be looking at reduced profitability on two fronts, firstly taxation and secondly an interest rate rise which looks likely. One client of ours we recently spoke […]
Expats are releasing equity 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 46,000 per case as of December last year and the number of re-mortgages rose by 21.3% […]
Mortgage rates for Expats are unlikely to improve in the near future, so now is the ideal time for Expats to secure a fixed-rate deal on their mortgage. Expats who are on a standard variable rate (SVR) or coming to the end of their term have the potential to save themselves thousands of […]
Expats who avoid reviewing their current expat mortgage deal could well pay for this error in the long term as interest rates look to be going upwards. 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” […]
Thousands of expat mortgage borrowers could be missing out on a better expat mortgage deal by not speaking to an independent adviser, research has found. The findings also showed that 69% of borrowers who went straight to a lender hadn’t re-mortgaged in the last five years, while 74% stayed put because they felt they […]