Expats still suffering bad returns
Expats living overseas are still suffering low returns on their longer-term cash investments.
So, what does the future hold?
Well at this present time it is not looking good for the investor wanting an income from their investment. Interest rates look set to remain low for the foreseeable future especially over the next 12 months. If you are prepared to take an element of risk, then stock market based investments could well give you a much better return.
A recent survey of expats showed they are turning to alternative forms of investment to increase returns. The most popular being property purchase for renting which of late has been hit by the Governments tax changes. These changes do not seem to of deterred expats as buy-to-let mortgages rose significantly in the last financial quarter.
It is becoming far easier to secure a buy-to-let mortgage for an expat than it was 2 or 3 years ago. Restrictions and regulations have been relaxed a great deal plus more providers now see this type of business as highly profitable.
If you are looking to increase your income in the near future this may well be a very good time to look at all the alternatives. Mortgage interest rates are so low on both fixed and tracker deals at present you could be making a good move in the right direction.
It is generally seen that the UK property market will remain strong for the foreseeable future even amid all the Brexit uncertainty.
If you require any help or assistance with a new or existing mortgage please do call one of our advisers. We pride ourselves on attention to detail and speed of service. We look forward to hearing from you.