Expats who own or contemplating owning a property in the UK will be pleased to know the average home now costs nearly a quarter of a million pounds with mortgage approvals hitting their highest level since the financial crisis erupted. Rising activity in the housing market pushed the price of the average home up 7.3% […]
The time it takes to complete a new or re-mortgage for expat’s has reduced significantly in the last 2 years. The industry is seeing a new application in a straightforward case complete in a matter of weeks rather than months. A straightforward re-mortgage is now on average completing in less the 6 weeks which is […]
A recent report has shown a large increase in expat buy-to-let business, figures show expats are increasing their portfolios as quickly as they can. This year has seen a surge of first time buy-to-let applications. A new survey shows more than 50% of existing expat landlords are looking to increase their portfolios as they see […]
More than a fifth of expat mortgage borrowers are not keen to move to a new lender, no matter how good a new deal they are offered, according to research. Mortgage experts say staying with your existing mortgage provider could be the equivalent of turning down a good pay rise or bonus. According to the […]
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. Mortgage brokers think the fact the Bank of England base rate is currently low, coupled with fears over future rate rises, is main driver behind the […]
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 […]
The market so far has been largely unmoved by Brexit and now the Covid-19 pandemic. 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 extremely competitive and there are […]
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 […]
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 […]
There is little doubt within the expat mortgage market that this year is the year of the expat re-mortgage. You only need look at the rates being offered by lenders – particularly in the lower Loan to Value (LTV) bands. The rates currently on offer are not going to stay this low for much longer […]
