Increase in Expat Mortgage Lending

Expats lending expanding rapidly.

September and October this year saw gross mortgage lending to expats increase by 6.8% from earlier months. In addition to the month-on-month increases lending this year has increased 18.2% overall.

Experts believe these strong figures are down to the instability in the world currently. There is definitely less confidence in the property values of other European countries. Property continues to gain value in the UK at a steady rate and looks like continuing for the foreseeable future unlike the rest of Europe.

Another contributing factor to this sustained growth is the volume of completed re-mortgages. Both expatriates and UK residents are concerned about potential increases in interest rates. These concerns are warranted, as numerous long-term fixed-rate products have already been withdrawn from the market; however, some highly competitive options remain available.

UK property offers really good long-term stability and growth.

The UK property market continues to offer good value, especially for those who already own a home or are able to buy one. Over the past decade, anyone with property in desirable areas has likely seen significant growth in their investment.

House prices are expected to stabilise, with steady and dependable growth predicted in the next few years, which is positive news.

In summary, the UK property market has historically been a strong choice for long-term investment, and there’s every reason to expect this trend to continue.

Selecting a mortgage to suit your needs

Securing an expat mortgage doesn’t have to be difficult, it is always recommended to get expert independent professional help. Using a specialist expat broker will without doubt give you the edge as they will be experienced in this type of mortgage process.

Mortgage advice?

If you need assistance with a new or re-mortgage, then please contact our expert independent advisers who are waiting to help.