There seems to be no stopping the buy-to-let expat market, applications for the first 4 months of this year were up again on this time last year. Expats seem to be determined to get a foothold in the UK property market and existing expat landlords are not shy to increase their portfolios either.
Even with all the new legislation including tax changes doesn’t seem to dampen expats enthusiasm for the buy-to-let market.
The general consensus of opinion is that UK property still offers good long-term potential. One expat landlord commented “our UK property returns a good rental income annually even with the new tax laws and the value since we bought it has increased by £43,000, so it’s not all bad”.
Buy-to-lets may well be in for a rocky ride over the next few years but the general feeling is that in the long-term potential is still very good.
Are good interest rates for expats still available on buy-to-lets?
Well, the simple answer to that is yes! if you have a sizable deposit then rates are even better. Mortgage lenders are currently fighting to secure your business in a very competitive market place.
We have seen an increase in longer term fixed rate mortgages recently as clients want to set their outgoings of their investment property. There is also talk of rate rises later this year so this route would seem a very sensible one to consider.
It is commonly known with buy-to-let mortgages the larger the deposit you can put down the better the deal that can be secured.
Our professional advisers are used to dealing with all types of buy-to-let mortgages, they have vast experience in this area. Please do call to discuss your requirements and we will be happy to help.