News
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New house price index to make life easier for French euro mortgage house buyers
The French real estate market has traditionally been very high on the list of priorities for both UK residents and expatriates abroad wishing to invest in holiday or retirement homes. With French expat euro mortgages relatively easy to come by for the average foreign buyer, buying in France is a…
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New Spanish government figures point to gentle housing market recovery
Figures released by the Housing Department within the Ministry of Public Works show that expats living in Spain spent 36% more on property in the first half of the year than they did in the same period last year. According to the same source, foreign residents buying homes in…
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Buyers forced out of London by spiralling property prices have helped fuel a 10% annual rise in asking prices in the south-east – a rate that has now outstripped inflation in the capital.
Asking prices in the south-east of the UK are 10% higher than they were a year ago, said Rightmove, compared with a rise of 9.6% in London. This makes the region the strongest performing in the country over the last 12 months. “The ripple effect of buyers priced out of…
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UK student loans – plan now for flexibility
With applications due to UCAS for the majority of UK university courses in mid January 2015, expat parents will probably be well advanced with planning their child’s next educational step and will have a firm view of first choice course and university. Less clear will be the impact financially of…
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Landlords enjoying “record income from letting
Landlords in England are witnessing a booming rental market, with earnings from rental payments in excess of £32 billion per year. Research by Direct Line for Business shows that London landlords collect the largest proportion of private rental income in England at £14 billion per year, more than the north…
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French euro mortgage rates fall again
International mortgage specialist Offshoreonline.org is reporting a further fall in French euro mortgage rates, with variable rates now available to borrowers from just 2.30%. This latest cut follows a reduction in interest rates by the European Central Bank. The French mortgage market has traditionally enjoyed a wider choice of product…
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Mortgage lending up as UK house prices settle
Gross mortgage lending increased by 7% in July to hit its highest monthly figure in almost six years, but international and UK mortgage lenders said pressures on budgets could start to dampen housing market activity. Figures from the Council of Mortgage Lenders (CML) showed that a total of £19.1bn was…
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Brit buyers bounce back!
The latest survey of overseas buyers of second homes in France carried out by bankers BNP using data supplied by Notaries from across the country paints a mixed picture of the health of the French property market, but puts the Brits firmly back in pole position as buyers. Transaction volumes…
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Thinking of buying a house in France? Prices have just dropped 10%
With many European economies finding recovery from the worldwide financial crisis heavy going, in the UK at least we finally have something to be positive about, as our economy seems at last to have turned a corner. As a result and thanks also to more positive market sentiment and some…
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Fixed rate UK international mortgage demand to rise, as regulator confuses
Demand for international sterling fixed rate mortgages is expected to rise amongst overseas buyers of UK property, thinks expatriate mortgage broker Offshoreonline.org after UK Bank of England Governor Mark Carney gave his strongest hint yet that the UK Base Rate could rise this year. The change in direction by the…
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UK property prices still rising strongly, but location the key
With UK property starting to show a more even pattern of price rises, for home buyers aboard looking to get it on the buy to let boom, their choice of location is likely to be even more important today in determining how successful their investment will be. According to the…
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New UK mortgage rules to impact overseas buyers
As of last weekend, obtaining a UK mortgage just got harder, if you are an expatriate or international property buyer. The mortgage market review (MMR), a new piece of financial guidance to mortgage lenders, is designed to stop banks and building societies making loans that are either irresponsible or which…
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Ukrainian crisis hits expat property buyers based in Russia
Expats and local nationals living in Russia will now find it much harder to find an international mortgage from mainstream lenders to buy UK property, thinks specialist international mortgage broker Offshoreonline.org. The news comes after one of the largest lenders in the market announced that it was no longer accepting…
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Moving Abroad Checklist: 10 things you should know if you are leaving the UK to work
Moving Abroad Checklist If you are thinking of leaving the UK for retirement, or to work, you’ll need a moving abroad checklist to make sure you hit the ground running, once you arrive in your destination. Whilst most of your attention is likely to be focussed on your new job,…
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Making the expatriate career move – how well will you be prepared?
If you are thinking of becoming one of the 320,000 who leave the UK each year, many of whom leave to take up a new career overseas, how well prepared will you be once you finally set foot on the departure flight? The answer to that question may well determine…
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Now Portuguese property lenders spring back to life
Specialist international mortgage broker Offshoreonline.org is reporting the arrival of another new lender on the Portuguese property market, which follows closely on the news that OECD research published in 2013 suggested property in Portugal was undervalued by between 5pc and 10pc, when price ratios for rents and wages were compared…
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Expatriate mortgage market showing signs of easing, thinks Offshoreonline.org
After years of bad news, expatriate buyers should on balance have an easier time in 2014 finding a lender for a UK mortgage, thinks specialist international mortgage broker Offshoreonline.org. Buyers living outside of the UK will not normally be eligible for loans offered by UK high street banks and building…
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Leaving the UK for good? Know before you go, says MediCare International
Another New Year, another New Year’s resolution and the chances are, for many, their goal for 2014 will be to leave the UK permanently to work or retire. The UK Office of National Statistics publishes data on net migration and their figures show the number of people leaving the…
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UK capital gains tax changes to impact expat property owners?
The Autumn Statement delivered by UK Chancellor George Osborne contained a least one piece of potentially bad news for expatriates with property in the UK – in the future, they might have to pay UK capital gains tax on any property profits, even though they are not resident for tax…
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Brits now account for a fifth of all expat house purchases in France
Data released by BNP Paribas shows that the UK still accounts for around a fifth of all the house purchases by expatriate buyers in France. Although the number buying has dropped slightly between 2012 and 2011 (down from 19.4% of transactions to 19.1%) the average transaction amount has risen slightly…
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