If we put Brexit to one side for the moment, there are many expats originally from the UK looking to acquire property in their former homeland. The value of sterling has fallen since 2016 but seems to be making a recovery since the UK’s exit from the EU. As an expat is it difficult to get a […]
The average house price climbed to a new record high of £276,759 at the start of the year, despite growth slowing compared to previous months, according to the latest Halifax house price index. House price growth fell to an increase of just 0.3% in January, the lowest rise since June 2021, while growth remained steady […]
January 2022 has seen more expat mortgage business being conducted than this time last year. New applications for first time and re-mortgage business are also high for the time of year indicating expats still have faith in the UK property market. Mortgage rates are very affordable which is fuelling the increase in business being done […]
Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage. The survey showed using a broker will reduce completion times, they are fully versed in the expat mortgage process and able to react to the lenders requirements much quicker. Why should you look […]
New year = saving money Expats with mortgage deals due to expire or who are on their lender’s default rate could save over £2,500 by switching to a fixed product. That is according to recent report which is encouraging people to re-mortgage. The research found moving from the lender’s Standard Variable Rate (SVR) could save […]
Last November’s gross mortgage lending to expats has increased by 4.8% from last month, this is the fourth month on the run. In addition to the month on month increases lending this year has increased 16.4% overall. Experts believe these strong figures are down to the Brexit negotiations being concluded. There is definitely less confidence […]
That’s the question on everyone’s lips at the moment. Reflecting on all that happened in 2021, it most certainly wasn’t the year we thought it would be. Yes, some things seemed to move towards “normal” again, however with the recent rise of COVID cases, as a result of the new Omicron variant, it […]
So, last week it finally happened. After months of speculation the Bank of England put interest rates up to 0.5%. It’s just a small tweak which may take a while to filter through to the mortgage-paying public but it’s enough to give many of us that unsettling feeling that, at some, point we may start paying […]
All the papers have been full of doom and gloom stories in recent months heralding the death of buy-to-let and a falling housing market. However, as they say “you shouldn’t believe everything you read in the newspapers” – the UK housing market is still a really safe and lucrative place to invest your hard-earned money. […]
House prices will rise between 3% & 5% across the UK next year, according to figures released by one of the major high street banks. If these figures are achieved it follows the trend of last year, the report states increase in values could be stifled by the possibility of interest rate rises. Another factor […]
