News
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Mortgage tax changes in Spain help buyers
Mortgage Tax Changes in Spain 2018 Recent tax changes introduced by the government in Spain now mean that mortgage tax, which previously was paid by buyers, must now be paid by the bank financing the Spanish mortgage. The new changes have taken effect immediately. For buyers, this means a reduced…
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Expat mortgage broker predicts banks will not pass on full Base Rate rise to mortgage holders.
The increase in UK Base Rate from 0.50% to 0.75% at the start of August will have unnerved some expat mortgage holders and those considering an expat buy to let mortgage in the UK, but it need not, thinks expat mortgage broker Offshoreonline.org. Offshoreonline thinks two factors are at play,…
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Falling Expat Mortgage Interest Rates and Weak UK Housing Market Favour Expat Buyers
Recent falls in expat mortgage interest rates plus the effect of a weak housing market in the UK look set to give expat house buyers a significant negotiating edge Recent falls in expat mortgage interest rates plus the effect of a weak housing market in the UK look set to…
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UK property beats pensions, says UK official study
Saving for retirement? UK property beats pensions, says UK official study Nearly 50% of non-retired UK adults believe that property is now the most profitable way of saving for retirement, compared to just over 20% who favoured employer pensions or around 7% who preferred personal pensions, according to the UK…
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Taxes for UK expat landlords might not be so hard after all
Non-resident UK landlord tax is usually due by January 31 for UK rental income Non resident UK landlord tax is a common area for misunderstanding, according to expat buy to let mortgage brokers, Offshoreonline.org. “We are regularly asked for general information by non residents on UK landlord taxes, as it…
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Why a sinking pound need not scupper your French property dream
Since the Brexit vote last year, sterling’s fall against the euro has been well documented Since the Brexit vote last year, sterling’s fall against the euro has been well documented – from around 1.30 euros to the pound just before the vote, to closer to 1.08 euros today, a drop…
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Is it time to add UK university fees to your expat mortgage?
With A level results just a few weeks away and news that from September, new student loans will be charged at a compound interest rate of 6.1% per annum (the formula is UK inflation, Retail Price Index, plus 3%) from the moment funds are drawn, many parents are now starting…
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Resurgent Spanish property market prompts new mortgage launches
Four years of rising property transaction volumes is signalling the start of a renewal in the Spanish property market, according to data released by BNP Paribas and UCI, its joint venture Spanish domestic lender. Total property transactions have now risen for four years in a row, from a low of…
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The new landscape for UK property investors – still good value
A new landscape for UK buy to let property investors As the Brexit trigger is pulled, the reaction of many expats to last year’s UK Brexit vote was to stay on the sidelines, avoid committing to any major new purchases and take the view they wanted to “see what would…
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New UK Buy To Let Rules Will Impact Expat Property Buyers – 2017
Key Facts For Expat Buyers in 2017: – New expat buy to lending affordability thresholds introduced from January 1st 2017 – But many expat buy to let projects will still pass the new tests New rules on UK buy to let lending introduced by the UK’s Prudential Regulation Authority, part…
