If there is one area of the mortgage market many expect to present a challenge then it is the expat buy-to-let, but its demise has been greatly exaggerated. This is a sector that has confounded many experts in terms of its continued strong performance.
It would seem expats find this area of investment still highly profitable, not only for the extra income it provides but the longer growth potential.
Yes, property prices in the UK may have stabilized of late but if you look at the history this is not unusual. Brexit undoubtably is having an effect on the property market and who knows what will happen, one thing is for sure property will always be in demand and that means good longer returns on an initial investment.
Another expat area we expect to remain strong is the first-time buyer market. Arguably, despite affordability issues, low rates mean there has not been a better time for expats to get on the housing ladder in the UK.
Traditionally the UK housing market always seems to outperform most of the other investment vehicles on offer in the UK. Investment returns from traditional savings accounts remain very poor and this is a major contributing factor to the property investment market.
There is a feeling within the industry it is only a matter of time before interest rates start to climb. This said if you are an expat considering buying property in the UK it may well be a very good time to start looking. If you are an expat with a mortgage on a UK property this is a very good time to review it to make sure the deal you have best suits your needs.
Can we help?
If you are looking for a new or re-mortgage please do contact us and one of our fully qualified advisers will be happy to assist.