Buoyant Market for Yacht Crew !

Expat Yacht Crew lending expanding in all areas.

March 2023 gross mortgage lending to expats has increased by 6.1% 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 15.6% overall.

Experts believe these strong figures are down to a very strong and buoyant UK property market which continues to offer superb long-term returns. There is definitely less confidence in the property values of other European countries.

Property continues to gain value in the UK at a steady rate and looks like continuing for the foreseeable future unlike the rest of Europe. Covid-19 has had an effect on the market, but the majority of experts believe this will be very short lived.

One other factor that has contributed to this robust growth is the number of re-mortgages completed. Both expat yacht crews and UK residents are living in the fear that interest rates are about to jump yet again.

These fears are justified as already a good many long-term fixed rate deals have been withdrawn from the market but there are still some extremely attractive deals on offer.

UK property offers stability.

The UK property market without doubt still offers value for money if you own a property or can afford to buy one. Anybody who has owned a property in a good area of the UK over the last 10 years would have seen their investment grow substantially.

It is expected that house price increases will level out as the year goes on with a steady and reliable growth rate, again spelling good news all round.

To sum up – traditionally the UK property market has always offered excellent value long term investment potential and there is no reason to believe this won’t continue.

Mortgage advice?

If you need assistance with a new or re-mortgage, then please contact our expert advisers who are waiting to help.