Can a UK Expat Get A 90% Mortgage ?  Expats are very keen on the new 90% loan to value deals!!

The average number of expat enquiries has risen dramatically this financial year. So Can a UK Expat Get A 90% Mortgage?  As expats look to get a foothold on the UK property ladder especially now the higher loans to value are available.

Even with all the uncertainty around the world the UK property market is still seen as one of the most lucrative. The majority of working expats living abroad always want to retain and add to their UK property portfolio. Also as markets in other European Countries simply do not return the same profits.

Rising levels of mortgage enquiries, applications and completions shows that a significant number of expat first-time buyers are still both willing and able to get a foot on the UK property ladder.

UK property values remain stable. Additionally rentals are in great demand!  This is a testimony to the long-term potential growth this market offers.

Even with all the uncertainty in Europe and the UK the market remains resilient and profitable. Which is why expats see this area as good financial security.

Who is looking?

US house hunters are watching the market most closely, accounting for nearly 70,000 searches in the first quarter of this year, as shown by the list below of the top 3 countries where buyers are searching from:

USA, Hong Kong, Ireland and Europe in general

Owning property in the UK is a goal of many overseas property investors including expats, it’s clear a rise in the proportion of searches for UK property which are taking place overseas since June 2020.

Can we help?

Finally if you are looking to invest in the UK, please do contact us. One of our qualified independent advisers will be happy to assist.

Can I Get A UK Mortgage Using Foreign Income? New higher loan to value (LTV) expat mortgages will assist many more investors.

 In years past an expat wanting a mortgage to buy a property in the UK had to come up with a large deposit. Well, good news that is changing!

Just released, there are now up to 90% LTV mortgages available at advantageous rates. So, unlike the past expats have a lot more choices available which can only be good news.

These deals are open to expats abroad with proven salaries in the following currencies.

Sterling, Euro, Swiss Franc, Norwegian Krone, US Dollar, Canadian Dollar, Singapore Dollar, Hong Kong Dollar, UAE Dirham, Kuwaiti Dinar, Qatari Riyal, Australian Dollar, New Zealand Dollar, Danish Krone, Swedish Krona, Saudi Riyal.

The expat mortgage market is very complex

It is recommended you should seek professional independent advice as to what product best meets your needs. We have a select number of companies offering very favourable rates which are tailored to suit most needs, including buy to let.

Items you will need to apply.

• Contact details
• Property purchase details
• Deposit available
• Certified proof of address
• Certified ID (Passport)
• Bank statements (Normally 6 months)
• Wage slips (Normally 6 months)
• Certified accounts if self-employed.

These requirements vary from lender to lender and the above is just to give you a guide to help speed up the process.

Need assistance?

If you require help with your current or new mortgage, please do contact. One of our experienced independent advisers who will be happy to assist.

Expat Buy to Let Mortgages. Is the buy-to-let market for expats shrinking?

Firstly the very simple and easy answer is NO. You only need to type ‘buy-to-let’ and see that one of the first news articles online is questioning whether the market is ‘dead.’

‘Decline’, ‘is it worth it?’ or ‘doom and gloom’ are other phrases that probably spring to mind. While there’s no denying buy-to-let (BTL) has had its fair share of bumps, it isn’t doing as badly as people think.

Expats are very active in the UK market. Both new and existing owners are purchasing without hesitation. This as the rental market is in great demand.

Last week, UK Finance figures showed that, apart from one anomaly in January this year, expat BTL purchases had risen every month for the past seven months.

In February this year, expat BTL activity was up by 23% compared to February last year.

Horror stories have been completely oversold.

While many sensational headlines have implied a significant drop, in reality, since 2020, gross expat BTL mortgage lending has increased!

Looking underneath gross total lending, there’s no denying there’s been a decline in standard purchase activity. Which is what most headlines focus on.

However, with change comes opportunity. More experienced and professional landlords have stayed and upped their game, looking to expand their portfolios.

For example, we have seen a significant increase in limited company landlords and HMOs, as they search for higher yields and good growth at higher LTVs.

Help?

Finally if you would like to know more about a new or re-mortgage, please do make contact. One of our independent advisers will be happy to assist.

Holiday Let Mortgage for UK Expat. Expat benefits of a Holiday Let Property in the UK

As an expat owning a holiday let property in the UK offers a multitude of benefits.Encompassing financial, personal, and community advantages. One of the most compelling reasons to invest in a holiday let is the potential for significant financial returns. With the UK being a popular tourist destination, a well-located holiday property can generate substantial income. Seasonal peaks, such as summer and festive holidays, often see high occupancy rates, which can lead to impressive rental yields.

Tax advantages

Another key benefit is the tax incentives available to holiday let owners. Properties that meet the criteria for a furnished holiday let (FHL) can benefit from tax reliefs not available to long-term rental properties. This includes allowances for mortgage interest, capital gains tax relief, and the ability to claim capital allowances on furniture and fixtures.

Off peak flexibility

On a personal level, owning a holiday let offers flexibility and the opportunity for personal use. Expat investors can enjoy their property during off-peak times, providing a personal retreat while also generating income during peak seasons. This dual benefit allows for the enjoyment of a second home without the full financial burden.

Furthermore, holiday lets can positively impact local communities. They create jobs in areas such as cleaning, maintenance, and property management, supporting local economies. Holidaymakers contribute to the economy by spending in local shops, restaurants, and attractions, fostering a thriving local tourism industry.

Lastly, holiday lets contribute to the preservation and promotion of the UK’s rich heritage and natural beauty. By providing quality accommodation, owners help attract tourists who explore and appreciate the diverse cultural and natural landscapes the UK has to offer. In summary, investing in a holiday let property in the UK presents a rewarding venture with diverse benefits that span financial gains, personal enjoyment, and community support.

Can we help?

Finally if you are looking for an expat new or re-mortgage, please do make contact. One of our fully qualified independent advisers will be happy to assist.

Expat Mortgage Advice. Expat buy-to-let market is stable and increasing.

Firstly The expat buy-to-let mortgage sector has been more resilient. More so than the residential mortgage one during the past six months.

Despite initially pulling deals from the market, mortgage choice has been on a broadly upward trend since October 2024, while the small fall in average rates suggests the market remains competitive and lenders are keen to do business.

Buy-to-let limited company mortgages.

The majority of the expat buy to let purchase transactions made through limited companies. Last year were related to additional property acquisitions, although the figures also include expats selling property they already own personally into a corporate structure.

All transfers of properties from individuals to limited companies must be treated as a new purchase and therefore do not qualify as a re-mortgage.

Best advice – Use an independent specialist broker for mortgage advice.

Expat landlords will know only too well how difficult it is selecting the correct mortgage deal due to the complexity of an expat mortgage. The last 3 years has seen a massive shift towards expats using a professional independent broker to secure the correct mortgage for their needs.

Areas to invest in the UK property market

Where to invest is a question always being asked, recent reports show that Manchester, Hull and the Blackpool areas are currently seeing very good growth. This is all due to reasonable house prices compared with the South of England and an increased demand for rental property.

Can we help?

Finally when you are looking for a new or re-mortgage, please do make contact. One of our independent specialist advisers will be happy to assist.