Entries by Steve Grant

Exceptional expat activity sees record high applications

Expat first-time buyer activity reached a 2 year high at the end of November last year after soaring more than 40% on the same period in 2018. In October last year alone the expat mortgage industry saw an increase in applications for new mortgages rise by 38%. These figures go to prove that expat’s still […]

Expat mortgage rates hold steady.

Expat mortgage rates have been falling consistently for the past two years or so. Both fixed and tacker interest rates are now at the lowest they have been for a good many years. The question is for how long? Expats should be taking advantage of these low rates on offer. It is no secret that […]

Records being broken as Expat lending market continues to grow

The amount of money being lent by banks to expats reached its highest level in the month of November since 2008, data shows. With the buy-to-let market stumbling to get back in gear after recent stamp duty hikes, first-time expat buyers and re-mortgages are now propping up the market. Last month, gross mortgage lending to […]

The Tories win and what it means for the expat property market

Property commentators have welcomed the landslide Conservative election victory for bringing the UK closer to ending the Brexit uncertainty that has stifled transactions for so long. Sterling surged against the dollar and the euro as the outcome of the election became clear and the FTSE 100 began to climb when the market opened. In the […]

Expat lending made easier

The Ipswich Building Society has revised its expat residential mortgage lending criteria to now allow applications from British nationals living overseas whose deposit has been saved in their current country of residence. Up to now, the entirety of the applicants’ deposit for the purchase had to be held in a UK-based bank account for a […]

Wise expats are looking to the future

Data released today for October revealed expat re-mortgages were up by 8% while refinancing with additional borrowing increased by 5.9%. The spike in expat re-mortgaging has been attributed the uncertainty of Brexit. Brexit It is not surprising that re-mortgaging numbers have slightly increased, pressing home the message that expats simply want or have stability in […]

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 […]

Expats should read this

Re-mortgaging a property is something that many still talk about in hushed tones, associating it with being hard up, struggling to make ends meet. However, while this is sometimes the case, re-mortgaging is often a smart move for expat borrowers to save on monthly repayments. In fact The Financial Conduct Authority’s Mortgage Market Study found […]

What about the expat mortgage market and Brexit?

The market so far has been largely unmoved by Brexit. Lenders have continued to drop interest rates across the board since last summer which indicates a lack of concern currently. There seems to still be a large appetite for banks to lend. The rates are very competitive and there are still plenty of high loan-to-value […]

Expat rates tumble

Recent falls in expat mortgage interest rates plus the effect of a weak housing market in the UK look set to give expat house buyers a significant negotiating edge in the busy buying period when many expats return to the UK. The availability of lower expat mortgage rates, whilst at the same time, many regions […]