Expats on standard variable rate (SVR) mortgages could potentially halve their monthly payments by switching to a fixed rate mortgage, according to the latest research. Research shows the monthly cost of an average expat standard variable rate mortgage for a £150,000 home loan rose from £720 in September to £735 in October. This follows the […]
A panel of industry experts has agreed that the outlook for property investment in the UK remains positive, despite the uncertainty around continued Brexit negotiations. Although there’s much uncertainty, the ambiguity has not dampened the spirits of prospective homebuyers and property investors. Historically, real estate has proven itself to be a safe and secure asset […]
This year has been the year to break numerous records and now we have seen expat mortgage approvals reach new heights. Records show expat mortgage approvals are 36.7% higher than this time last year. It is no surprise to us as enquiries have been on the rise since the Brexit vote was announced. Property in […]
There is very little doubt in the expat mortgage market 2018 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 so […]
Experts believe UK property values will rise between 2.5% & 4.5% across the UK next year according to figures released by one of the major high street mortgage lenders. This prediction does come with a “health warning” due to the Brexit uncertainty, but facts are the UK property market has seen off far more challenges […]
A former Bank of England Monetary Policy Committee member has predicted that interest rates could rise significantly in the next few years. This forecast is based on the lack of progression of the Brexit negotiations and what effect that could have on interest rates. Inflation has now caught up with wage growth causing a sharp […]
Despite the uncertainty surrounding Brexit negotiations the “dire shortage” of homes is still pushing prices upwards, according to a recent surveyors report. Brexit negotiations continue and all the news coming out at present is hardly of a positive nature, but still, throughout all this, the UK property market is holding firm. Recent reports show expats […]
Rising levels of mortgage enquiries, applications and completions show that a significant number of expat first-time buyers are still both willing and able to get a foot on the UK property ladder. The industry feels this surge of interest is partly down to the Brexit situation, expats are very keen to acquire property in the […]
Expat mortgages now much quicker The time it takes to complete a new or re-mortgage for expat’s has reduced significantly in the last 18 months. 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 […]
If there is one area of the mortgage market many expect to present a challenge then it is the expat buy-to-let, but its demise has been greatly exaggerated. This is a sector that has confounded many experts in terms of its continued strong performance. It would seem expats find this area of investment still highly […]
