Expat Mortgage Advice Is To Buy Now

Expat mortgages continue to increase

This year has seen expat mortgage approvals hit record levels, with demand for UK property rising. Approvals are up 32% compared to last year. Experts maintain that UK property remains a strong long-term investment.

Surprisingly with all the tax changes involved buy-to-let mortgage approvals are showing the greatest increase.

Buy-to-let business this year has been very buoyant as more expats look to secure property and at the same time increase their income by way of rent.

With a potential interest rate rises on the horizon re-mortgages are now becoming very active as clients look to secure a long-term fixed deal.

It would seem a very good time to review your mortgage if you have one as this could save you a great deal of money in the long term.

Expat mortgages now complete much quicker

 The time it takes to complete a new or re-mortgage for expat’s has reduced significantly in the last 18 months.

The industry now completes straightforward re-mortgages in under 5 weeks on average, much faster than 18 months ago.

A survey of expats applying for a mortgage was taken recently and it clearly showed one of the most important factors in the mortgage process was the speed of advancement, a close second was ease of application.

Good news is the lenders have taken notice of the findings and have reacted well by speeding up the process considerably.

Need some assistance?

If we can help with your new mortgage, please call one of our fully experienced independent advisers we are here to help!