News
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Green shoots appearing in UK property market, good news for expat house buyers
The Royal Institution of Chartered Surveyors (RICS), whose members carry out property surveys and valuations for mortgage banks and building societies, are reporting fewer house price falls in March, with an expectation that prices may start to rise in the next 12 months. RICS surveys are an important forward looking…
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UK Housing asking prices see smallest February increase on record
We reproduce an edited copy of a thoughtful report from Rightmove this month which will be of interest to many expat house buyers Asking prices see smallest February increase on record We’re heading into the busiest season of the year for home-movers. More people start their search for a new…
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Optimistic signs in expat buy to let market as mortgages rates fall and prices stabilise
The UK buy to let housing market may have turned an important corner with major lenders announcing lower rates for expat buy to let mortgages and two property portals, Zoopla and Rightmove, announcing that the supply of houses put on the market had increased by 5.9% in January and asking…
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Expat UK property investing: Three positive signs, thinks broker
Three positive signs for UK Property Investing – 2022 Set against the background of sterling’s relative collapse and the news of rising UK Base Rates, it might seem hard to see an upside to being a UK mortgage investor, but expat mortgages broker Offshoreonline sees reasons to be cheerful. “Since…
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Expat buy to let market still strong after two rate rises, says broker
Expat buy to let house purchase and remortgage enquiries are continuing at the high levels seen late last year, despite two increases in UK Base Rate this year, according to specialist expat mortgage brokers, Offshoreonline. Offshoreonline’s Guy Stephenson comments, “Last year we saw several factors impacting the market. Covid obviously…
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Recovery and strength in the UK housing market for 2022?
2022 was welcomed with a surge in interest, as UK homeowners listed their houses for sale, creating a healthy and strong foundation for the 2022 mortgage market. According to Rightmove, the 30th of December 2021 was one of the most popular days for prospective sellers seeking house valuations. Traffic on…
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Expat broker optimistic on post Covid UK buy to let housing market
Hope for Expat Buy-to-Let Housing Market for UK after Coronavirus (Covid-19) – Rightmove data supports house price resilience – Demand from Hong Kong impacting too “Why are UK housing process rising now” was the question asked by Rightmove in their latest (February 2021) survey of the UK housing market. Data…
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Broker warns over mortgage payment holidays
Is a mortgage payment holiday the right choice to make? As England moves into its latest full lockdown and banks once again offer mortgage payment holidays, expat mortgage brokers Offshoreonline are warning against clients taking advantage of this apparent “something for nothing” opportunity, without checking the consequences first. Guy Stephenson,…
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Buying UK buy to let property after lockdown – expats will have the upper hand, thinks broker
Thinking about buying buy-to-let property after lockdown? With much of the UK buy to let property market having been put on hold now for over seven weeks, thoughts are finally turning to what might happen when movement restrictions ease and life begins to return to the new normal. Expat buy…
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Expat lenders react to keep expat mortgage deal flowing during COVID-19 crisis
Just one month after the UK government effectively put large parts of the UK property market into a form of hibernation, evidence is emerging that many specialist UK lenders offering mortgages for expats are finding ingenious ways of keeping expat house purchases moving and delivering completions. With much of the…
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Coronavirus impact on UK housing might be short lived, thinks expat mortgage broker
Coronavirus impact on UK housing might be short lived, thinks Offshoreonline There’s no doubt the COVID-19 pandemic has had a dramatic effect on the UK housing market, with the UK lockdown effectively bringing many UK housing transactions to a sudden halt. As estate agents and buyers are unable to visit…
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Getting a mortgage whilst living abroad or getting a mortgage after you have moved abroad.
If you are thinking of emigrating from the UK, how do you then get a UK mortgage whilst living abroad? If you have left the UK, getting a mortgage after you have moved abroad can appear complex. Getting a mortgage while abroad is a specialist area of lending, so only…
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What Happens when my UK Expat Mortgage Expires?
As an expat, what happens when my UK mortgage expires? Many expats move abroad and rent their flats or houses out, without advising their existing UK lender. Whilst strictly speaking this can be a breach of the lender’s terms and conditions, in many cases the current mortgage company will offer…
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Buy to let bargains abound, thanks to Brexit effect, thinks broker
Look carefully and the UK buy to let market should have plenty of bargains to offer the expat and overseas buyers, thinks mortgage broker Offshoreonline.org. Whilst day to day market figures point to a flat or modestly positive UK housing market, up 1.3% in the year to September 2019, according…
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Expats increasingly vulnerable to new build deposit loss
Increasing vulnerability for deposit loss between new build homes and expats UK expats looking to invest in new build homes in the UK are increasingly at risk of losing their deposits, thinks expat mortgage specialist, Offshoreonline. Typically, buyers of new builds will be expected to put down a deposit of…
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UK house hunters lead 6% growth in French non-resident property transactions
Figures release by BNP Paribas and the Notaries de France show the number of properties bought in France by overseas residents grew again in 2018 by 6%. UK nationals remain the largest single group, accounting for 27% of all purchases by non-residents in France. The number of transactions by UK…
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Expat Buy to Let Mortgage Rates Cut Again
London 24 January 2019 Expat mortgage broker Offshoreonline is reporting a new cut in interest rates by Nat West International, as well as a new £749 cashback facility on remortgages. Nat West’s lowest expat buy to let mortgage interest rate is now 3.20% for a two year fixed rate product.…
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Brexit fears give expats the edge, as UK buyers shun property
Brexit is causing many UK property investors to hold off purchase decisions… Brexit is causing many UK property investors to hold off purchase decisions, with the result that property prices are showing some of their slowest rises in years in many parts and in some prime areas such as London,…
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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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