Best Time For Expat Mortgage Deal

The next two years will be very buoyant for expat buy-to-let’s experts say!

Independent research reveals expat lenders are expanding their product range for buy-to-let and limited company mortgages.

Also, and very importantly with higher loan to values available!!

Limited company buy-to-let mortgages now account for nearly 40% of all products on offer to the expat investor.

Not all lenders offer buy-to-let mortgages to expat limited companies, but we can confirm this is changing all the time. More lenders are recognising limited company business is going to become a great deal more popular than years gone by.

The cost of a limited company mortgage is higher than the normal product, plus some set-up fees are higher. Most of the fee’s payable are on a percentage basis and range from 0.5% to 1.5% and an investor should be very careful of their choice.

The UK rental market is currently booming.

The key to any successful investment is ensuring you have a sound strategy. For property, this means a combination of fundamental elements that theoretically add up to you finding a property that will deliver growth and provide a regular rental income (if this is a goal), allowing you to passively grow your wealth over time.

These elements are good location, connectivity, amenities, infrastructure, and investment and of course tenant demand which, if you get the first four right, should come naturally.

For speed and efficiency use an independent broker

The broker will take control of the mortgage process, therefore relieving you of the stress and paperwork.

They will be able to deal with the mortgage company supplying the loan and answer any queries they may have, saving you time and money.

Help required?

 If you are an expat looking for a new or re-mortgage, please do get in touch and one of our fully qualified independent advisers will be happy to assist.