What Is The Highest LTV Mortgage For An Expat ?

New higher loan to value expat deals have impacted the market significantly

The expat mortgage market has seen a huge upturn in recent weeks due to the new higher loan to value deals that are available.

Interest rates seem to be stable which has added to the surge in business, expat enquiries are at record highs with the re-mortgage market leading the way.

Why re-mortgage?

There are many reasons you may wish to consider a re-mortgage, and it is without any doubt something every expat homeowner should consider, especially if you are stuck on your current lenders standard variable rate. It is not always best advice as your current deal may have conditions that are not beneficial, but you should take time to review on a regular basis. So why re-mortgage?

1) Secure a better rate of interest than you are currently paying.
2) Change current deal to a fixed rate for long term security.
3) Raising capital from equity within your property.

Expat mortgages are now easier and quicker to complete than ever before.

The time it takes to complete a new or re-mortgage for expat’s has reduced significantly in the last 2 years.

The industry is seeing a new application in a straightforward case complete in a matter of weeks rather than months.

Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage.

A survey showed using a broker will reduce completion times, they are fully versed in the expat mortgage process and able to react to the lender’s requirements much quicker.

Like to know more?

If you require help with your new or re-mortgage, please do contact one of our fully qualified independent advisers who will be happy to assist.