Best advice is to get it reviewed to ensure you are on the best deal. The low rates on offer will NOT last forever – act now and save. A former Bank of England Monetary Policy Committee member has predicted that interest rates could rise significantly in the next few years. Inflation has now caught […]
Now more than ever expats are looking for ways to reduce their monthly outgoings, one of the biggest expenses most people have every month is the mortgage payment. As an expat there is a lot of uncertainty at the moment with poor exchange rates and the Brexit situation taking time to settle. It may be […]
The current stamp duty holiday on properties valued up to £500,000 comes to an end on 30th June but did you know that you can still enjoy a stamp duty holiday on properties valued up to £250,000 when your purchase completes by 30th September. The additional SDLT for second homes and expats remains in place, […]
Property prices rose 1.8% in May to reach a new record average price of £242,832, according to Nationwide. The building society said prices are up £23,930 over the past 12 months alone, an annual growth rate of 10.9% and the highest recorded in seven years. The market has seen a complete turnaround over the past […]
Mortgages with five-year fixed rates have undergone a surge in popularity within the expat community, nearly half of the completed deals recently have been for 5 years or more. Data revealed 49% of expats are now choosing an initial fixed rate period of five years compared to only 25% back in 2015. Meanwhile, mortgages with […]
The number of UK and international landlords choosing to register as a limited company to manage their portfolios is on the rise. A spike in international investors enquiring about forming a limited company, up 62% year-on-year. Last year, there were a total of 41,700 buy-to-let incorporations, an increase of 23% on 2019. The numbers have […]
February 2021 gross mortgage lending to expats has increased by 6.8% 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 18.2% overall. Experts believe these strong figures are down to Brexit. There is definitely less confidence in the property values of […]
There was a surge in re-mortgage activity in February and March of this year, as expat borrowers look to lock into cheap deals ahead of an expected interest rate rise. Since the financial crisis in 2008 mortgage rates have steadily fallen. However, with the Bank of England hinting that it could raise interest rates in […]
The UK property market continues to grow at a rapid rate and offers better longer-term security. Expats are very keen to get a foothold in the UK property market and we have received a lot more enquiries of late. We have also seen an increase of existing property owners adding to their portfolios, indicating client […]
Since the end of last year, the expat mortgage market has seen much more activity in both new and re-mortgage applications. The UK property market continues on an upward spiral albeit slower than years gone by and still offers potential longer-term growth and security. Expats are always keen to secure property in the UK and […]
