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 […]
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 […]
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 […]
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 […]
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 […]
Data released today for May revealed expat re-mortgages were up by 11% while refinancing with additional borrowing increased by 6.4%. The spike in expat re-mortgaging has been attributed the uncertainty after the coronavirus struck fear into borrowers. Future stability It is not surprising that re-mortgaging numbers have increased, pressing home the message that expats simply […]
House price growth reached its highest level for 18 months at 2.3% for the year to February, the latest index from Nationwide Building Society shows. Average UK house prices also climbed by 0.3% month on month to reach £216, 092. Nationwide chief economist Robert Gardner says: “While overall economic growth ground to a halt in […]
Mortgage rates are unlikely to improve in the near future so now is the ideal time for borrowers to secure a fixed-rate deal on their mortgage. Borrowers who are on a standard variable rate (SVR) or coming to the end of their term have the potential to save themselves thousands of pounds on their mortgage […]
Overseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weak pound and falling property prices, according to the latest figures released The property portal found that searches for UK property by overseas buyers have grown steadily over the last 12 months. They now account for 6.6% […]
There has been a surge in re-mortgage activity 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. This led to a number of lenders slashing their rates and competition in the mortgage market heating up. […]
