How much can an expat borrow against the value of a UK property

How much can an expat borrow against the value of a UK property

by | Apr 30, 2019 | Expat mortgages, UK mortgage, UK property

How much can an expat borrow against the value of a UK property

Many Expats are earning in high paying professional roles in Accountancy, legal and Gaming worldwide and they would prefer to re-invest back in property in the UK, a region they know well and where there is added benefit of a housing rental demand, more secure regulations and decent rental yields! 

So how much can an Expat borrow..?  if the property is to rent out to a generic tenant then the max available currently as an Expat BTL is 80% more likely is 75%  with rates from 2.89% 

Many Expat lenders stipulate a min loan size or property value of £75,000.How much can an expat borrow against the value of a UK property. 

Additionally, some Expats want to buy, but not to rent it out, it will be their property to reside in, but not just yet. This is called a Buy to Live mortgage, very few lenders offer this, but there is a possibility of 85% loan against the value.   Rates from 3.3% 

There a definitely less barriers than a few years ago to enter the UK property market as an Expat.

Simon Murphy is an International Mortgage Broker who resides between Spain | Ireland | UK

Having been in finance for over 17 years & as a Qualified & FCA Regulated UK mortgage professional he can give expert mortgage advice to Expats Worldwide, UK residents & those considering buying abroad with a foreign currency mortgage.

Im an Expat wanting to buy back in the UK so what is the maximum I can borrow against the value?

Testimonial

Thanks for your help and dedication in securing my mortgage. Especially since Id changed my job role recently, without your intervention I may have lost the property! At last I’m packing boxes!

Mrs A (South West), Home Mover

Get In Touch

MY MORTGAGE DEAL

0044 (0) 7456 727 626
INFO@MYMORTGAGEDEAL.CO.UK

Remortgaging a UK property for Expats

Remortgaging a UK property for Expats

by | Apr 26, 2019 | Expat mortgages, Re-mortgage, UK property

Remortgaging a UK property for Expats

I’m a UK expat residing in Europe / Dubai / Australia and I still own property in the UK. Is it possible to remortgage to release funds or to get a better mortgage rate?

The simple answer is yes.. However there are very few lenders who will permit this, and most are not your usual high street banks, that’s why you may find it difficult to obtain with normal search software or standard mortgage brokers. 

Additionally some lenders that accept expat mortgages, only work with Specialist Mortgage Brokers, because more skilled advice is required. So even if you found a bank that does it, they may not permit you to apply, unless you use a mortgage broker.Remortgaging a UK property for Expats

A good example of this type of lender is Vida .. Vida ‘who’ you say !..  Vida are a specialist lender and only work with more skilled mortgage brokers. Vida don’t have any branches and everything is handled online including Expat mortgages. 

So the good news is Expats have more options to remortgage than compared to a few years back, but it is recommended to use a mortgage broker skilled in aspects of Offshore | Foreign Income and Expat borrowing – Happy to assist any enquiries www.mymortgagedeal.co.uk/expats   0044 7456 727 626 

Simon Murphy is an International Mortgage Broker who resides between Spain | Ireland | UK

Having been in finance for over 17 years & as a Qualified & FCA Regulated UK mortgage professional he can give expert mortgage advice to Expats Worldwide, UK residents & those considering buying abroad with a foreign currency mortgage. 

Testimonial

 Thanks for your help and dedication in securing my mortgage. Especially since Id changed my job role recently, without your intervention I may have lost the property! At last I’m packing boxes.. 

Mrs A (South West), Home Mover

Get In Touch

MY MORTGAGE DEAL

0044 (0) 7456 727 626
INFO@MYMORTGAGEDEAL.CO.UK