News
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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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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…
