Booming London property rents continue to attract expat buy to let landlords
Expat buy to let landlords profit from strong UK rental market
A recent report by estate agents Martin and Co, who have 25 offices in the London area, suggests rentals in the capital are continuing to boom, with demand exceeding supply.
The number of tenants registered for each property offered by Martin and Co rose from 7.5 at the start of the year to 11.8, underlining the fact that good quality properties in good locations are likely to see very few void periods.
This high demand for rentals translates into strong support levels for rental incomes, with the London average growing 5.7% to give a range of rental yields from 2.3% to 6.4% on a typical two bedroom flat and an average rental yield across the capital of 4.3%.
Guy Stephenson, a spokesman for expat mortgage brokers Offshoreonline.org said, “Rental yields at this level mean that expat buy to let landlords can potentially see a profit on their rental activity alone, even before any possible growth in house process is factored in, as variable rate expat mortgage are available from 3.53% to 3.69%, depending upon the deposit the expat buy to let landlord is happy to contribute. Minimum deposits are 25% of the purchase price, but lower expat mortgage rates are available with a 40% deposit.“
Property prices continued to rise in 2015, with the biggest uplift being in London, where values rose by 11.2% over the year to November, according to the latest index produced by the UK Land Registry. Other standout areas included Luton, Reading and Slough, with annul price increases of 14.2%, 16.2% and 13% respectively, according to the same report.
Eleven London boroughs managed double digit house price growth, with the top three being Hillingdon (14.4%), Barking & Dagenham (14.2%) and Newham (13.2%).
Despite recent changes in the tax treatment of expat buy to let portfolios introduced in April 2015, Offshoreonline is continuing to report strong interest in expat mortgages, with a shortage of international mortgage lenders the main difficulty being faced by the market.
« Back to News
Latest News
- Optimistic signs in expat buy to let market as mortgages rates fall and prices stabilise
- Expat UK property investing: Three positive signs, thinks broker
- Expat buy to let market still strong after two rate rises, says broker
- Recovery and strength in the UK housing market for 2022?
- Expat broker optimistic on post Covid UK buy to let housing market
- Broker warns over mortgage payment holidays
- Buying UK buy to let property after lockdown – expats will have the upper hand, thinks broker
- Expat lenders react to keep expat mortgage deal flowing during COVID-19 crisis
- Coronavirus impact on UK housing might be short lived, thinks expat mortgage broker
- Getting a mortgage whilst living abroad or getting a mortgage after you have moved abroad.
- What Happens when my UK Expat Mortgage Expires?
- Buy to let bargains abound, thanks to Brexit effect, thinks broker
- Expats increasingly vulnerable to new build deposit loss
- UK house hunters lead 6% growth in French non-resident property transactions
- Expat Buy to Let Mortgage Rates Cut Again
- Brexit fears give expats the edge, as UK buyers shun property
- Mortgage tax changes in Spain help buyers
- Expat mortgage broker predicts banks will not pass on full Base Rate rise to mortgage holders.
- Falling Expat Mortgage Interest Rates and Weak UK Housing Market Favour Expat Buyers
- UK property beats pensions, says UK official study
- Taxes for UK expat landlords might not be so hard after all
- Why a sinking pound need not scupper your French property dream
- Is it time to add UK university fees to your expat mortgage?
- Resurgent Spanish property market prompts new mortgage launches
- The new landscape for UK property investors – still good value
- New UK Buy To Let Rules Will Impact Expat Property Buyers – 2017
- UK rent rises continue to outstrip inflation, expat buy to let remains popular
- UK Stamp Duty hike not as harsh as first feared for expat property buyers
- Do I qualify for expat or international mortgages?
- Brexit need not harm the expat mortgage market, thinks Offshoreonline
- UK stamp duty changes, capital gains tax changes will impact expat buy to let investors, so start planning your checklist now
- Booming London property rents continue to attract expat buy to let landlords
- New UK Stamp Duty Won’t Dent Appeal of Buy To Let Mortgages For Non UK Residents
- QE spells heaven for overseas property buyers in Europe
- Thinking about buying a house in 2015? For expats, the signs are good
- UK property prices on the up in 2015 good news for expat buyers
- UK Stamp Duty changes – the winners and losers
- French expat euro mortgage rates fall again
- New house price index to make life easier for French euro mortgage house buyers
- New Spanish government figures point to gentle housing market recovery
- 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.
- UK student loans – plan now for flexibility
- Landlords enjoying “record income from letting
- French euro mortgage rates fall again
- Mortgage lending up as UK house prices settle
- Brit buyers bounce back!
- Thinking of buying a house in France? Prices have just dropped 10%
- Fixed rate UK international mortgage demand to rise, as regulator confuses
- UK property prices still rising strongly, but location the key
- New UK mortgage rules to impact overseas buyers
|