2017 has seen more expat mortgage business being conducted than years gone by and figures are still improving as the year draws to a close.
This year has seen a lot of changes taking place in the buy-to-let market and it looks like being the same next year as well. The Chancellor announced many changes to the tax rules involving expat landlords.
Mortgage rates still remain in favor of the investor and even though increases are likely next year they will remain very competitive.
The last twelve months have seen a record number of expat landlords re-mortgaging to release capital and this has been used for numerous reasons including debt consolidation. Current re-mortgaging applications for October and November are again showing large increases on the same period last year.
Confidence remains high within the expat community who have buy-to-lets in the UK. This is without doubt down to the ever-increasing value of good quality properties. This looks set to continue long into the future. Even with the Brexit uncertainty property values have remained stable.
Expat buy-to-let mortgages
The range available includes fixed, tracker and standard deals with very good discounted periods. We would always recommend discussing your needs with an expert adviser who has all the up to date deals available. This course of action can indeed save you thousands of pounds in the long term. Interest rates remain competitive with some very good longer term fixed deals available.
If you are looking for assistance with your mortgage or re-mortgage, please do not hesitate to contact one of our fully qualified advisers who will be happy to help.