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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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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…
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UK rent rises continue to outstrip inflation, expat buy to let remains popular
UK rents are continuing to rise at an above inflation rate, suggesting expat buy to let investing remains an attractive option Average rents paid by tenants across Great Britain rose by 2.4 per cent in the 12 months to July 2016, according to the Office for National Statistics. Rents grew…
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UK Stamp Duty hike not as harsh as first feared for expat property buyers
Expat property buyers will not always have to pay higher UK stamp duty, thinks expat mortgage broker The new UK Stamp Duty surcharge adding an extra 3% tax for many UK buy to let property investors, which took effect from 1 April 2016, might not be as harsh for typical…
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Do I qualify for expat or international mortgages?
Find out if you qualify for an expat or international mortgage If you are one of the four million plus UK nationals who have lived abroad for more than year, there is a good chance you will have found out how hard it is to qualify for UK expat or…
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