Entries by Steve Grant

Expat mortgage borrowing growing at a rapid rate

Mortgage borrowing in the expat sector is over 26% higher overall than 12 months ago recent figures show. The number of mortgage applications for May, June & July combined also saw the highest numbers for the last 3 years. This is surprising to the market as it was muted that the coronavirus would have an […]

Expats want UK properties

Political uncertainty in Hong Kong is one of the factors driving an increase in enquiries from non-UK residents. Data showed ‘visas’ was the most searched for term by advisers in the last week of July, and searches for ‘non-UK residents’ were also on the rise. The tool, which helps advisers determine whether a particular lender […]

Expats living overseas

Almost five 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 10 years expat mortgages have grown in stature as more Brits see owning a property in the UK as a very good long-term investment. It’s no secret that most […]

Good news for expats looking to buy

The stamp duty cut announced in the recent budget will also apply to those buying second homes and buy-to-let properties. Government documents published following the Chancellor’s speech state that the tax relief for properties worth up to £500,000 will apply for those buying a first or subsequent property. However, the 3% surcharge for buying additional […]

Expats lending expanding

March 2020 gross mortgage lending to expats has increased by 5.1% from the month before, this is the fourth month on the run. In addition to the month on month increases lending this year has increased 16.2% overall. Experts believe these strong figures are down to the Brexit negotiations progressing albeit slowly but positively. There […]

Expats are becoming active in the market again

The number of expats buying a home in the UK with a mortgage has bounced back to the levels seen before the coronavirus hit the world. Totals of approved expat mortgages for house purchases in May reached the highest level since January earlier this year. The number of loans in the pipeline for expat homeowners […]

Expats still looking at buy-to-lets for income

There has been a marked increase in the number of enquiries from expats into      buying-to-let in the UK a recent report has highlighted. This activity has increased since the UK left the EEC on 31st January 2020. The report from financial intermediaries revealed that 70% of respondents had seen a rise in enquiries from British […]

Expat mortgages

As an expat whatever reasons you may have for considering purchasing a house or flat in the UK, the good news is that there are lenders who are more than willing to offer expats a mortgage. Many providers don’t even advertise the fact. Certain parts of the country are stagnating in terms of increasing but […]