Entries by Steve Grant

Expats are keeping active after Brexit.

Expats are in ever increasing numbers trying to either get on the ladder or increase their current UK property holding. The majority of expats see property in the UK as a “pension fund” or a way of laying financial security for the long-term future. Bricks and mortar have always been a national obsession. The wisdom […]

Expats – How will your investment perform in 2021?

House prices will rise between 3% & 5% across the UK next year, according to figures released by one of the major high street banks. If these figures are achieved it follows the trend of this year, the report states increases in values could be stifled by the possibility of interest rate rises. Another factor […]

How will the new lockdown affect the market? What impact for Expats?

As we enter 2021 and into national lockdown, many expats are speculating on what the coming year has in store for the property market. The government has confirmed that the housing market will remain open during the new national lockdown. For many homebuyers and sellers, this is positive news, with thousands of transactions currently underway. […]

Expat landlords will be confident

It has been an extremely hard year for landlords up and down the UK and also those living abroad. The good news is that, despite all the recent changes rewards for landlords can still be exceptionally good. Demand for good quality rental property continues to rise year on year due prospective first-time buyers not being […]

Expat mortgage approvals rising steadily

Approvals for house purchases in the UK by expats increased towards the end of 2020 and 2021 has followed the same pattern according to the latest figures from the Bank of England. The number of expat loan approvals for purchasing in the last 3 months is up a massive 21% on the same period last […]

Expats are choosing independent broker assistance for mortgages

The number of expat mortgages coming through brokers has risen steeply over the last 2 years, this figure now stands at 74.3% from 64% in the last 12 months Need for help Brokers believe the increase in regulation and complexities of the market are the driving factors. Affordability calculations and lender criteria have become harder […]

What mortgage type do you need as an Expat?

If you are looking to buy a property with an expat residential mortgage, you or a member of your family must live in it – either now or in the near future. Essentially, it’s a home. However, as a foreign national, a UK residential mortgage isn’t straightforward. Residential mortgages are regulated by the Financial Conduct […]

Outlook steady despite all the uncertainty – Expats take comfort

The Bank of England has held interest rates at the historic low of 0.1% in its latest base rate decision, saying the UK’s economic outlook is ‘unusually uncertain’. The Monetary Policy Committee (MPC) voted unanimously to keep the base rate, which acts as a guideline for banks and lenders when they set their interest rates, […]

Expats need to get moving

Brokers with expat and foreign investor customers buying property in the UK, need to secure completion before 31 March next year or face the risk of customers paying a large surcharge. That is the warning from the expat mortgage markets, which explains that expats who miss the deadline will face higher stamp duty levies than residents. Lenders, […]