Expat Landlords Needed !
Expat Landlords Needed. Expats looking to invest in UK property
Firstly If you are an expat and considering buying a new property. As such in the UK or expanding your current portfolio you may wish to read on!
Rents around the Country are set to soar
Rents are set to surge by 17% over the next five years. This as a shortage of properties pushes up prices.
The reduction of new property coming to the market last month was the most striking aspect of the market, with 27% more surveyors noting a fall rather than a rise in new landlord instructions. It is the eighth consecutive month of declining supply.
The shortfall will have a limited impact in the short term, raising rents by around 2-4% nationally, but by 2029 there will be a significant increase in costs for tenants, according to the findings.
Raising an expat UK mortgage
Finding a property you want in the UK is the first step and is relatively easily done. The next issue to address is raising that all important expat mortgage.
Good news is this is not as difficult as it sounds so don’t be put off or misinformed. Always by what you may hear from the banks overseas. The expat mortgage market has grown significantly over the last 2 years and lenders are very keen to secure your business.
With the correct advice and support securing an expat mortgage can be a very simple process. Getting this support is a vital component in the chain of events, due to the applicant’s location, as it is likely he or she will be living abroad.
Using a broker registered with the FSA in the UK you’ll enjoy a number of advantages compare to “going it alone”.
These include:
- Choice of deals currently available
- Choice of lenders
- Expert advice
- Fully qualified adviser
- FSA regulated
Can we assist?
Finally If you require help with your new or re-mortgage, please do contact. One of our fully qualified independent advisers.