uk property holiday let expat buy-to-let

Can I Get A UK Mortgage Using Foreign Income ?

/in /by

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.

contact expat mortgages do i qualify

What is the European Mortgage Credit Directive ?

/in /by

What is the European Mortgage Credit Directive? Expats are seeking more expert help to secure mortgages on UK properties

It is possible to secure a standard residential home loan as an expat, but it’s 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. However for the majority, a buy-to-let is the more appropriate solution.

About 5.2 million UK nationals live overseas, and many are keen to hold on to a home in the UK, or to invest in one to rent out. But the available mortgage options are quite restricted – and in most cases, you’ll need to get a specialist landlord mortgage.

You will typically need to seek out a specialist lender and this is where the expat broker can assist you in making the correct choice.

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

Another factor is the European Mortgage Credit Directive, introduced in 2016 This means individuals paid in a foreign currency now come under closer scrutiny when their loan applications are assessed.

The underwriting process needs to take account of possible exchange-rate fluctuations, as well as looking at a borrower’s overall financial position.

What an independent broker will do for you

The 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 and 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. one of our fully qualified independent advisers will be happy to assist.

london property uk expat buy to let

Expat Buy to Let Mortgages

/in /by

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.

remortgages for expats uk property expat mortgage

Can A UK Expat Get A Re Mortgage ?

/in /by

Can A UK Expat Get A Re Mortgage ? Expat re-mortgaging hits record levels in 2025 

Re-mortgaging has reached record levels and now accounts for 37.5% of all mortgages conducted according to recent research.

The proportion of expat re-mortgages has risen by nearly 16% over the last 12 months. As homeowners are increasingly switching mortgage companies to find more attractive rates.

The promise of increased interest rates has no doubt helped drive demand for re-mortgaging. More and more expats are re-mortgaging to save money but also raise capital which is locked in their properties.

Many expat homeowners and landlords who have been saddled with lenders on less than competitive interest rates or stuck on higher standard variable rates are switching to more attractive fixed term deals.

Rising property prices has also had an impact on re-mortgage growth. Especially in the Southeast of the UK.

It is expected the demand for re-mortgaging will continue to rise in 2025. There is likely to be a shift towards more consumers considering fixed rate deals as the risk of rate rises remain for the time being.

Expat buy-to-let re-mortgaging has also risen and now represents 12.8% of all mortgages, up by 8% year on year.

As a general overview, if you are an expat and not locked into a penalty mortgage deal good advice would be to review it with a view to saving money.

Can we assist?

If you would like a new or re-mortgage, please do make contact. One of our fully trained independent advisers will be happy to help.

uk property holiday let expat buy-to-let

Holiday Let Mortgage for UK Expat

/in /by

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.

expats uk property london uk mortgage for expat

Buy-to-Let for UK Expat

/in /by

Buy-to-Let for UK Expat. Expats and the UK buy to let market

For UK nationals living abroad, expat buy-to-let mortgages offer a pathway to invest in the UK property market. These mortgages are designed for those seeking to purchase property for rental income while residing overseas.

However, they differ from standard buy-to-let mortgages due to the complexities of international finance.

Key considerations include if you are thinking of entering this type of investment

  • Lender Criteria:
    • Lenders often have specific requirements regarding the applicant’s country of residence, income verification, and credit history.
    • Many lenders will have restrictions on the number of buy to let properties that one person can own.
    • It is common for lenders to require that the applicant hold a UK passport.
  • Rental Income Coverage:
    • Lenders assess the property’s potential rental income to ensure it covers the mortgage repayments.
    • They often apply a “stress test,” calculating whether the rental income would still cover repayments if interest rates were to rise.
  • Currency Fluctuations:
    • For those earning in foreign currencies, fluctuations can impact affordability. Lenders will factor this risk into their assessments.
  • Tax Implications:
    • Expatriates must be aware of UK tax laws regarding rental income, as well as any tax implications in their country of residence.
  • Property Location:
    • Lenders may have restrictions on where the property is located within the UK.

It’s crucial for expats to seek independent advice from specialist mortgage brokers who understand the intricacies of these mortgages.

Can we help?

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.

holiday let mortgages for expats

Expat Mortgage Advice

/in /by

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.

 

uk property holiday lets mortgages

Expat Buy-to-Let or Expat Holiday Let ?

/in /by

Expat Buy-to-Let or Expat Holiday Let ? Are you an Expat thinking of entering the buy-to-Let or holiday let market in the UK?

 If you are then you need to proceed with caution!

 Firstly, seek advice on your tax position. Incorporation (Creating a limited company) could be right for you.

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

Interest only mortgages.

Good potential returns on capital invested.

Attractive mortgage interest rates.

Potentially better returns than on offer at high street banks.

Better return on capital invested.

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 and lower interest rates.

Expats are actively looking for buy-to-lets and holiday let properties as demand grows.

Overseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weaker pound, according to the latest figures released.

Investors are keen to capitalise on softening prices and are looking for discounts. This could fuel demand for UK property, alongside expats planning a return to the UK.

Mortgage assistance?

If you are contemplating entering this market or require assistance with a re-mortgage, please do contact us. We have experienced independent advisers who will find the correct deal for you.

uk property holiday let expat buy-to-let

Expat Buy-to-Let Mortgages

/in /by

Expat Buy-to-Let Mortgages. Wise investors are selective!

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.

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 and answer any queries they may have, saving you time and money.

Expat buy-to-let market is stable and thriving.

The expat buy-to-let mortgage sector has been more resilient 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.

Limited company expat buy-to-let mortgages.

As this area of expat buy-to-lets mortgages grow so has the choices to the borrower. Mortgage providers have not been slow to increase the number of fixed and tracker deals. Also, the charges and interest rates have reduced as popularity has increased which goes to prove lenders are in fierce competition to secure new expat business.

Need some help?

If you need assistance when choosing your next mortgage call one of our experienced independent advisers and we will be pleased to assist.

 

expat mortgage approvals holiday let mortgages

Best Mortgage Deal for Expat Landlord

/in /by

Best Mortgage Deal For Expat Landlord. Firstly The latest data and analysis highlighted failing to switch mortgage issues. Lapsing onto their lender’s Standard Variable Rate (SVR) has seen the average landlord hit with £2000 a year in extra interest.

According to the study, which looked at 5 major expat UK lenders. As analysed the jump in interest charges from each provider’s best two-year fixed rate deal to their associated SVR. Which a borrower is typically transferred to once their introductory period comes to an end.

As of January, this year, the average landlord slipping onto their lenders SVR after the initial two-year fix. They faced an extra £2,100 a year in interest payments, equating to £175 a month.

A mortgage for an expat landlord is likely to be the most expensive monthly commitment and therefore vitally important to be cost effective.

If you are confused with the mortgage plan you have do get independent advice as soon as possible. Failure to do so could be costing you thousands.

Expats are using an independent broker more and more.

Expats are now using an independent broker more than ever before to secure their deals whether it be a new or re-mortgage.

A survey showed using a broker will reduce completion times. They are fully versed in the expat mortgage process and able to react to the lender’s requirements much quicker.

Why independent?

Very simple you will have a much bigger choice of deals as an independent is not tied to any one company.

Help required?

Finally If you would like to discuss your current mortgage or require a new or re-mortgage, please do make contact. One of our qualified independent advisers will be happy to assist.