Expat borrowing rising again

Gross mortgage borrowing in the expat sector is 22% higher overall than 12 months ago recent figures show. The number of mortgage applications for November and December combined also saw the highest numbers for the last 8 years.

The really good news for the borrower is that application approvals reached a record high in 2018 and look set to continue way into 2019.

Re-mortgaging numbers in particular have been rising month on month and continue to do so. Homeowners have recognised that interest rates are due to increase in 2019 and have taken advantage of the very good fixed rate deals that are available now.

The Brexit uncertainty is adding to this situation as expats look for longer term security.


If you are one of the thousands of expats who have not re-mortgaged, and you are still on a standard deal now is the time to review your circumstances. If the predictions are correct interest rates likely to rise in the next month or two with further rises on the horizon.

Good news is there are still some very good fixed and discount deals on offer, but it’s likely they won’t be around for much longer.

Can we assist?

If you require some help with your current or new mortgage please do call one of our fully qualified advisers.