buy to let houses uk for expat mortgages

Re-Mortgage for UK Expat

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Re-Mortgage For UK Expat. Expats are re-mortgaging to free up cash.

 Expat mortgage business is very buoyant currently. Especially the re-mortgage area as expats look to released locked capital within their UK properties.

A recent report shows the average amount released currently stands at over £40,000 per case as of the end of March this year and the number of re-mortgages rose by 18.5% year to date.

The report shows February and March witnessed a very strong month for mortgage lending within the expat community.

Our director of operations commented “It would seem expats have re-mortgaged their current UK property to raise funding for further purchases within the buy-to-let market”.

There are some very good re-mortgage deals on offer currently with good interest rates being available. If you are considering a re-mortgage, it may well be prudent to explore what fixed deals are on offer as at some stage interest rates are likely to rise.

Re-mortgage benefits.

There are many reasons you may wish to consider an expat re-mortgage. But, be very careful as this is not always the best advice. As an example, you may currently have a deal which if changed would incur penalties. There will be other options open to you such as a second charge loan and this should be given careful consideration. Some of the reasons for a re-mortgage are listed below.

  • Secure a better rate of interest.
  • Change to a fixed rate.
  • Raising capital.
  • Reducing existing debt.

Can we help?

 If you are contemplating a new or re-mortgage, please do make contact and one of our fully qualified independent advisers who will be happy to assist.

uk property when living abroad

Expat Buying a UK Property

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Expat Buying A UK Property – Require a mortgage on a UK property?

It is perfectly possible for you to get a mortgage while working abroad.

You just need to use a mortgage adviser who is familiar with what are called expat mortgages.

These are mortgages for UK nationals who, like you, are working abroad but want to buy property in the UK. Whether it’s on a residential or buy-to-let basis.

UK expats do find it harder to get a mortgage than Britons on the mainland. Harder, yes, but not impossible, especially when you use a specialist expat broker who knows which lenders are likely to lend to you and which will do so on the best terms for your personal circumstances.

Expats should seek independent mortgage advice, it’s a great deal easier!

Thousands of expat borrowers could be missing out on a better mortgage deal by not speaking to an independent adviser, research has found.

Without seeking independent Expat mortgage advice, individuals would have missed out on the extra mortgage deals that are only available through an independent mortgage adviser/broker.

Expat mortgage approvals are increasing.

Approvals for house purchases in the UK by expats increased towards the end of 2023 and 2024 has followed the same pattern according to the latest figures.

The number of expat loan approvals for purchasing so far this year is 19% on the same period last year. Re-mortgaging saw an astonishing increase of 33% over the same period.

Can we help make your life easier?

If you are looking for a new or re-mortgaging, please do make contact and one of our fully independent advisers will be happy to assist.

expat landlord mortgages

Expat Landlord

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Expat Landlord, are you contemplating incorporating your letting business?

If so – you should proceed with caution and do get independent advice!

Expat mortgage lenders are predicting there will be continuing trend towards limited company buy-to-let activity this year. But they warn this may not be the best practice for every expat.

It is understandable that expat buy-to-let landlords want to avoid paying more tax than is necessary, it is essential, as with any investment, that they fully investigate how their personal circumstances apply to buy-to-let taxation.

Many expat landlords are perhaps seeing the headlines and are considering incorporating their property investments, as limited companies are taxed differently to individuals.

Taxation for an expat is a complex issue and expat landlords should before considering this move seek advice from a tax specialist.

More expats are choosing independent broker assistance for mortgages advice.

The number of expats using an independent broker has risen steeply over the last 2 years, this figure now stands at 81% from 64% last year.

Why choose an independent broker?

First and foremost, for ease and peace of mind as an expat landlord!!

  1. Full range of mortgage choices
  2. Industry qualified advisers
  3. UK based for easy communication.
  4. Faster completion

Assistance required?

If you would like help with your new or re-mortgage, please make contact and one of our independent advisers will be happy to help.

active landlords with uk expat property

Expat Property Investment

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Expat Property Investment still giving sound returns in the UK.

The house rental market in the UK is very buoyant as people trying to get onto the property ladder find it more difficult due to rising house prices. Young newlyweds more often rent than buy due to the high deposit levels required to secure a first-time mortgage.

Some Experts expected the buy-to-let market to decrease. Initially it did after all the new regulations were announced but that trend has now been reversed. As such Expat lenders are reporting a very high demand for mortgages especially for expats wanting to expand their UK portfolio.

What makes a successful expat buy-to-let investor?

  1. Select the type of tenant you are targeting this could be a young couple or single person in a professional career.
  2. Ensure when selecting a property for buy-to-let it is in an area which fits your target tenant. Is it close to schools, shops, and local businesses? All these are important factors when selecting your property.
  3. Select the correct expat buy-to-let mortgage to fit your long-term planning. Do you want a fixed rate or a tracker or indeed any other product that is on offer? It is very important to seek professional advice when it comes to choosing your mortgage.
  4. This is vital for long term success, look after your tenants as you don’t want your property empty for long periods of time. Make sure you have a good maintenance company in place to look after any problems that may arise.

UK property prices are recovering and on the increase.

According to the latest figures house prices are on the rise, January and February this year saw an average 2.0% increase.

It is expected that house price increases will level out as the year goes on with a steady and reliable growth rate, again spelling good news all round for an expat investor.

Need some help with expat property investment?

Please make contact and one of our expert independent expat mortgage advisers will be pleased to assist.

 

holiday let mortgages for expats

Mortgage Rates for Expat Buy-to-Let

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Mortgage Rates For Expat Buy-To-Let

Expat buy-to-let still offers sound returns on a long-term basis.

Buy-to-let investments will continue to offer attractive rates of return compared to other asset classes.

Buy-to-let mortgages play a vital role in supporting housing supply in the private rented sector. With the market representing nearly 13% of new UK mortgage lending. Mortgage Rates for Expat Buy-to-Let can have many variables.

Expats buy-to-let student accommodation.

Expats have seen to potential growth in this area and are reaping the rewards!!

Expat landlords could well be missing out on the blossoming student rental market sector.  They may well be unaware of the potential returns on offer.

According to a new report recently released of existing landlords over 33% said they were completely unaware of the potential returns this type of letting can produce.

The number of students is rising at a rapid rate and over the next decade the figure is expected to double. One other very important factor many expat landlords miss is that the UK is becoming a very popular destination for foreign students which again is a very lucrative market.

The 3 main reasons to consider this type of business:

High yields: Depending on location between 8%-14% net yield is possible.

Demand: Rising student levels means there is always a demand for this type of property.

Shifting priority: Students have shifted since the rise of tuition fees to private shared letting.

Can we help?

If you are looking for a new or re-mortgage, please do make contact and one of our independent advisers will be happy to assist.

expat mortgages homes

Expat Mortgage Options

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Expat Mortgage Options

Do you live overseas and want to buy a property in the UK? Considering your Expat Mortgage Options?

Britons living abroad, either temporarily or permanently, will need to obtain a mortgage from a lender that has chosen to lend to expats.

Typically, expats are looking to invest in buy-to-let property whilst living overseas. As such perhaps to provide an income in retirement or even to live in upon their return.

Whilst fluctuating exchange rates can, at times, provide a good opportunity for investors, it is also true to say that many expats earn better salaries abroad than they would do here in the UK.

A lower cost of living means they have more disposable income and want to invest in UK property.

As an expat are you thinking of entering the Buy-to-Let market?

 If so, firstly seek advice on your tax position and if incorporation (Limited Company) could be right for you.

More and more expat investors are considering entering this market for various reasons. What can a buy-to-let investment offer you?

Interest only mortgage.

Good potential returns on your capital invested.

Potentially better returns than on offer at high street banks.

Above are just some of the reasons why expats are considering a buy-to-let investment. If you are thinking of entering this market, always seek advice on the types of mortgages available that best suit your needs. You will generally need a deposit of at least 25%, this varies from lender to lender but the bigger the deposit the better the deal.

Can we help?

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

 

UK Expat Buy to Let Mortgage

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UK Expat Buy To Let Mortgage.

Expats mortgage completions rising rapidly.

The last few months have seen a large level of expat buy-to-let mortgage approvals as landlords look to increase their portfolios.

The reasons are numerous, expats are very encouraged by the demand for rental property plus rents are increasing annually.

Home ownership in the UK has fallen to its lowest level for over 15 years which may well shock some people. When you look at the overall cost of buying a property in the UK perhaps it is not quite so surprising!

Brits living in countries where the currency is pegged to the USA’s, such as Hong Kong have been attracted to investing in property back in their home country.

What is happening is investors, including expats, are still buying-to-let in Britain. As such you may be searching UK Expat Buy To Let Mortgage. But perhaps focusing on lower loan-to-values and using larger deposits. Furthermore to take the various changes into account, as well as adapting their portfolios and business models to maintain their profitability. For example, by looking at up-and-coming areas across the UK instead of the more traditional rental hotspots like London.

Expat buy-to-let mortgages.

It is always recommended to be very selective before deciding on what mortgage best suits your needs. With the deals on offer it always pays to look at all the options. As an example a long-fixed rate deal may be very prudent with the fear of more interest rate rise looming.

An independent broker is recommended, and they will point you in the right direction plus save you time and money.

Need some help?

If you need assistance when choosing your next mortgage call or make contact with one of our experienced independent advisers. We will be pleased to assist.

holiday let mortgages for expats

Buy UK Property From Abroad

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Buy UK Property From Abroad

An expat mortgage broker will get the best deal for you.

When funding big investments, such as the purchase of a property, choosing the finance method is a vitally important part of the process. An expat independent mortgage broker acts as a go-between who helps the borrower identify the most suitable lender. Furthermore a direct lender is a bank or other financial institution that decides whether the consumer qualifies for the loan. As such, to buy UK property from abroad has never been easier.

The challenges mortgage brokers help you overcome.

More than 65% of expat buy-to-let landlords use an independent broker because researching suitable mortgage products is a challenging task. When setting up an expat mortgage from abroad it is so helpful to have your independent adviser based in the UK who can conduct the process on your behalf, it saves time and money!

Every expat has unique needs and objectives but one thing we all have in common is saving money.

If your current mortgage deal has no exit penalty or is coming to the end of its deal period, you may wish to look at a fixed rate deal. There are currently some very advantages rates on offer so now could be a very good time to act.

Re-mortgage to reduce your outgoings.

There are many reasons to consider a re-mortgage especially if you are currently on the standard variable rate (SVR) but you should remain cautious as this is not always the correct action to take.

Always seek independent advice as to the best way forward for yourself as your current plan may well have penalties. The most popular re-mortgage reasons are listed below.

Securing a better rate of interest

Changing to a fixed deal to manage outgoings.

Raising capital

Reducing current loans or credit cards

Mortgage advice?

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

Get A Quote Expat Mortgages UK Property

Mortgage for UK Expats

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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.

 

uk expat mortgage homes

UK Expat Mortgage

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UK Expat Mortgage.

Expat with a UK mortgage?

Mortgage rates are unlikely to improve in the near future. So now is the ideal time for Expats to secure a fixed-rate deal on their mortgage if it’s financially viable.

Expats who are on a standard variable rate (SVR) or coming to the end of their term have the potential to save themselves thousands of pounds on their mortgage.

Is it a good time to buy in the UK?

The very quick and simple answer is yes!

The affordable properties that are available to purchase seem to be diminishing on a daily basis. This without doubt will mean higher prices you have to pay in the future. Prices are reasonably stable at present, and sellers are prepared to accept an offer to sell.

Selecting a mortgage to suit your needs.

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

What a broker will do for you to save time and money?

The independent broker will take control of the mortgage process. Therefore relieving you of the stress and paperwork. They will be able to deal with the mortgage company supplying the loan. As such they can answer any queries they may have, saving you time and money.

Help required?

If you are an expat looking for a new or re-mortgage, please do get in touch and one of our fully qualified independent advisers will be happy to assist.