Mortgage for UK Expats
Mortgage For UK Expats
Expats are using auctions to expand portfolios.
Due to the shortage of property perspective expat buyers seem to be turning to the Auction houses. Recent reports show residential property sales are increasing at a rapid rate.
This increase could well be due to the buy-to-let market booming at present. Getting a mortgage for UK Expats has never been easier. As such existing expat landlords are increasing their portfolios as demand grows for good rental properties nationwide.
Are bargains to be had at auction?
The very simple answer is yes!
Auctions are a great way to add to a buy-to-let portfolio, with a wide range of bargains often going under the hammer. But as any shrewd expat buy-to-let landlord will know, there is more to buying property than simply turning up and making a bid.
Among the many attractions of buying property at auction is that purchasers avoid the conventional drawn-out process of property buying. Furthermore the property is sold in a matter of minutes as soon as the hammer falls.
If you choose this route to buy, then be prepared!
But before attending and bidding on property at auction, investors must conduct all necessary due diligence. Two vital things to understand.
- Have you carefully read the conditions printed in the catalogue?
- Have you made financial arrangements to ensure you have a 10% deposit ready for payment on auction day, when the contracts are signed and access to the remaining 90% within 28 days?
Mortgage advice?
If you need assistance with a new or re-mortgage, then please contact our expert independent advisers who are waiting to help.
