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.
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