uk expat mortgages homes

Lower Rates for Expat Mortgages

Lower Rates For Expat Mortgages.

Fixing the rate cheaper than betting against rate rises?

Fixed rate expat mortgages are now proving to be better value than the tracker type plans. Particularly for lower loan-to-value borrowers are lower rates for expat mortgages. Low loan-to-value mortgages are now proving better value than their tracker equivalents at 2-, 3- and 5-year periods.

Even for fixed rate higher loan-to-value mortgages, the current cost of borrowing is only marginally higher than tracker products. Fixed rate plans are without doubt becoming more popular especially with the investor with multiple properties.

The lowest interest rate mortgages and lowest fees have been reserved for low loan to value ratios.

Note, usually the larger the deposit you have the better the deal, but there are still some very good deals available for expats with smaller deposits.

Due to the range of products available and your current/future plans it is important to get professional independent advice.

Buy-to-let as an investment rising rapidly in 2024

Lenders are expecting more activity in the expat buy-to-let market in 2024.  And beyond as expats want security in UK property.

A recent survey stated 80% of expat lenders expected demand to grow over the coming months. All the early signs this year show they are correct as demand is up 27% on the same period last year.

Expat mortgage providers are keen to point out that there are good deals in the marketplace both fixed and variable rates.

Need assistance with your expat mortgages?

Our professional independent expat advisers are very experienced in dealing with all types of expat buy-to-let mortgages both single and multiple. We have access to a good range of plans and would be happy to discuss your requirements. Contact Us at Expat Mortgages to find out more.

uk property holiday let

Mortgage For Student Lets

Mortgage For Student Lets.

More expats are turning to buy-to-let student accommodation

Expat landlords could well be missing out on the blossoming student rental market sector. Expat Landlords may be unaware of the potential returns on offer with a mortgage for student lets.

According to a new report recently released of existing expat landlords over 40% 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. As such this again is a very lucrative market.

The 5 main reasons why expats should consider this type of business:

  • High yields: Depending on location between 8%-10% net yield is possible.
  • Managed & Maintained: Plenty of very good local companies with experience in this type of letting.
  • 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.
  • Options open: Any landlord interested in this type of business can invest.

The expat mortgage market can be very complex. Therefore you should seek professional advice as to what product best meets your needs. We have a select number of companies offering very favourable rates. As such these are tailored to suit most needs, including buy to let.

Items you will need to apply for an expat mortgage.

  • 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. The above is just to give you a guide to help speed up the process.

Can we assist you?

If you are an expat looking for a new or re-mortgage do get in contact . One of our qualified independent advisers will be happy to help.

uk property holiday lets mortgages

UK Property For Expats

UK Property For Expats. As an Expat Investing in UK property, it remains one of the safest options you can make in this day and age. So, it comes as little surprise that the majority of expat landlords remain confident. As such with their investment in property they have no plans to exit the buy-to-let sector.

UK Property Interesting buy-to-let market for 2025 and beyond.

This current year has not been the most dynamic year for the housing market – on the face of it, anyway. Movement has been slow, with things only just starting to pick up now.

House prices have fared better in some regions than in others. With reasonable growth in Wales and East Anglia, for example, and a small reduction in other areas such as the Southeast.

The good news, if respected agents are to be believed, is that we will see a small increase across the board in 2024. With an overall rise of 15-25% expected over the next five years this is a great time for UK Property For Expats.

Meanwhile, average rents are up across all regions, with experts expecting 5-7% annual growth over the next five years.

Demand is still growing for quality rental properties up and down the Country.

Demand for quality rental property continues to grow. As such this year alone it’s grown by 7% against figures issued for last year.

The problem is now that supply of properties has fallen by 13.8% in the same period. On average for every quality property available to rent in a Town/City location 3 people are in competition for the occupancy.

As you can see this is causing great concern for prospective tenants. Also this is across the whole of the UK. Especially in the major Town and City areas.

On top of all these disturbing figures it is expected that the demand for rental properties is likely to increase well into 2025.

Need assistance with your mortgage?

Our professional independent EXPAT advisers are very experienced in dealing with all types of buy-to-let mortgages. For expat landlords with both single and multiple mortgages. Therefore Contact Us as we have access to a range of plans and would be happy to discuss your requirements.

Get A Quote Expat Mortgages UK Property

Renew Your Expat Mortgage

Renew Your Expat Mortgage and read our Expat Mortgage Reviews.

Expats need to get the message that re-mortgaging is where significant savings can be made. Especially with rates as they are now.

If you are an expat on a standard rate mortgage, would you like to save upwards of £1500 per year? These savings are of course dependent on the size of mortgage. As such surely it is worth checking.

Research shows that over 50% of all expat borrowers who move to their lender’s standard variable rate after their initial deal terminates do not re-mortgage or product transfer for 3-5 years. 

Also, the report shows a quarter of re-mortgagors said they find the whole re-mortgage process difficult, with 47% saying they didn’t have time to shop around.

Re Mortgage Warning.

A re-mortgage is not always suitable for everybody as your existing deal may well have penalties attached to change within the discounted period. It is always recommended to seek professional help as to what is best advice to suit your needs.

Expats are using specialised independent brokers for speed and efficiency.

About five million UK nationals live overseas. Therefore many are keen to hold on to a property in the UK, or to invest in a buy-to-let. As for a buy-to-let mortgage options are quite restricted. Also in most cases you will need to get a specialist landlord mortgage.

It is possible to secure a standard residential home loan as an expat. But it is tricky to arrange, lenders will want to see evidence that close family are living in the house. Since most expats work abroad and cannot live in two places, for the majority, a buy-to-let is the more appropriate solution.

It can be a difficult process to secure a mortgage when clients are overseas. Especially with the time difference and tighter lending criteria.

Using a specialist Expat independent mortgage broker will certainly make the process far less stressful and time consuming.

Can we help?

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

 

buy to let expat mortgages housing

Buy to Let Mortgages for UK Expats

Buy To Let Mortgages for UK Expats have grown significantly in the last 10 years.

The expat buy-to-let market has grown over the last 10 years, and nothing seems to slow it down. More existing expat landlords and indeed new ones are buying properties to convert to this very lucrative market.

  • Over the last 18 years an investor on selling could see a profit of 800%
  • If that money had been invested in gilts the returns would have been 230%
  • In 2023 4 million house are recorded as rented
  • It is estimated lettings will rise to 7.1 million in the next 10 years.
  • It is estimated by 2028 32% of people under 40 will be renting.

As you can see some very hard-hitting facts and figures and if the estimates are correct now is the time to start thinking expat buy-to-ley for your next investment.

Whichever way you look at it the figures prove people still perceive UK property to be a good sound long term investment. If you study the figures on investment returns property has yielded over the last 18 years, it’s little wonder why.

Bright future for UK property

Expat UK homeowners will be encouraged by the recent predictions various experts have expressed on the housing market. The predicted general outlook for 2025 and beyond is good condition property will boom but who knows how accurate this will be, but the signs are encouraging.

Property will once again be a hot topic in 2024/25 – whether it be a lack of homes being built or annual price inflation. This is sure to fuel the letting market as people struggle to find the funds needed for a house purchase.

Need assistance with your expat mortgage?

Our professional expat independent advisers are very experienced in dealing with all types of buy to let mortgages both single and multiple. We have access to a vast range of plans and would be happy to discuss your requirements. Contact Us today to find out more.

active landlords with uk expat property

UK Expat Landlords

UK Expat Landlords – Demand is high for quality rental properties.

Demand for quality rental property continues to grow in the UK, this year alone it’s grown by 7% against figures issued for last year.

The problem is now that supply of properties has fallen by 16% in the same period. On average for every quality property available to rent in a Town/City location 3 people are in competition for the occupancy.

As you can see this is causing great concern for prospective tenants. This applies across the whole of the UK, especially in the major Town/City areas.

On top of all these disturbing figures it is expected that the demand for rental properties is likely to increase well into 2025 and beyond. Although there has been a significant increase in first time buyers securing a property many still cannot raise the necessary deposit.

All this is very encouraging news for UK expat landlords. They are very unlikely to have good properties vacant at any time or not for long if they do.

Plus, with so much demand the long-term future looks very encouraging. Expat landlords have had so many setbacks of late, this news will be very welcome indeed.

Existing expat landlords are still seeking to increase their portfolios. Also interest rates still offer the opportunity for good long-term returns.

Many estate agents across the country are reporting a high demand for the “lettable property”. One agent in the Manchester area commented “demand is far out stripping supply at present and consequently rents are being driven upwards”.

Need assistance with your mortgage?

Our professional independent advisers are very experienced. Dealing with all types of expat buy-to-let mortgages both single and multiple. Contact Us today to find out how we can help without obligation.

contact expat mortgages

Expat Mortgage Options

Expat Mortgage Options and are good interest rates for expats still available on buy-to-lets?

Well, the answer to that is yes! If you have a sizable deposit then rates are even better.

Recent findings show that with the current interest rates available expat landlords are making a decent return on their investment.

We have seen an increase in longer term fixed rate mortgages recently. As such clients want to set their outgoings of their investment property. There is also talk of rate rises later this year so this route would seem a very sensible one to consider.

It is commonly known with expat buy-to-let mortgages the larger the deposit you can put down the better the deal that can be secured.

Recent figures show that an estimated 191,000 expats own property in the UK. Also the vast majority let their properties out to achieve extra income.

Demand for good quality rental property In the UK continues to rise year on year due prospective first-time buyers not being able to get onto the so called “property ladder”.

Rents are at an all-time high and will be rising later this year if the experts are correct.

Existing expat landlords remain confident that the future is good. They have every right to do so as property in the UK continues to increase in value consistently. Last year which was poor expats still saw their investment rise between 2-3%.

Need assistance?

Our professional independent advisers are used to dealing with all types of expat buy-to-let mortgages. They have vast experience in expat mortgage options. Please do call to discuss your requirements and we will be happy to help.

buy to let houses uk for expat mortgages

Re-Mortgage for UK Expat

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

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

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.