![]() Booming London property rents continue to attract expat buy to let landlords.UK stamp duty changes, capital gains tax changes will impact expat buy to let investors, so start planning your checklist now.Brexit need not harm the expat mortgage market, thinks Offshoreonline.Do I qualify for expat or international mortgages?.UK Stamp Duty hike not as harsh as first feared for expat property buyers.UK rent rises continue to outstrip inflation, expat buy to let remains popular.New UK Buy To Let Rules Will Impact Expat Property Buyers – 2017.The new landscape for UK property investors – still good value.Resurgent Spanish property market prompts new mortgage launches.Is it time to add UK university fees to your expat mortgage?.Why a sinking pound need not scupper your French property dream.Taxes for UK expat landlords might not be so hard after all.UK property beats pensions, says UK official study.Falling Expat Mortgage Interest Rates and Weak UK Housing Market Favour Expat Buyers.Expat mortgage broker predicts banks will not pass on full Base Rate rise to mortgage holders.Mortgage tax changes in Spain help buyers.Brexit fears give expats the edge, as UK buyers shun property.Expat Buy to Let Mortgage Rates Cut Again.UK house hunters lead 6% growth in French non-resident property transactions.Expats increasingly vulnerable to new build deposit loss.Buy to let bargains abound, thanks to Brexit effect, thinks broker.What Happens when my UK Expat Mortgage Expires?.Getting a mortgage whilst living abroad or getting a mortgage after you have moved abroad.Coronavirus impact on UK housing might be short lived, thinks expat mortgage broker.Expat lenders react to keep expat mortgage deal flowing during COVID-19 crisis.Buying UK buy to let property after lockdown – expats will have the upper hand, thinks broker.Broker warns over mortgage payment holidays.Expat broker optimistic on post Covid UK buy to let housing market.Recovery and strength in the UK housing market for 2022?.Expat buy to let market still strong after two rate rises, says broker.Expat UK property investing: Three positive signs, thinks broker.Optimistic signs in expat buy to let market as mortgages rates fall and prices stabilise.UK Housing asking prices see smallest February increase on record.Green shoots appearing in UK property market, good news for expat house buyers.We are hopeful that new, more imaginative lenders will react to what is traditionally a very high quality lending market for banks.” Whilst we continue to see a stream of good quality expatriate mortgage enquires from UK and other nationalities around the world, the reaction of one of the largest lending groups in the market has been to withdraw, so significantly affecting choice. The most active overseas buyers (ranked by number of transactions) of central London new homes are from Singapore (23%), Hong Kong (16%), China (5%), Malaysia (4%) and Russia (3%).Ĭommenting on the changes in the market, Tim Harvey, managing director of international mortgage broking specialists commented, “These two pieces of news are hard for anybody in the international mortgage borrowing community to reconcile. According to Knight Frank, a total of 52 nationalities bought new-build property in central London last year. The Knight Frank International Residential investment in London Report, released this month, highlights overseas buyers who purchased central London new-build property with a value of £2.2 billion in 2012, up 22% from £1.8 billion in 2011. It is generally recognised that in the London market alone, overseas buyers account for a substantial share of all purchases. The demise of Lloyds is a bitter blow for overseas buyers everywhere, as it now means lenders such as Bank of Scotland International, C&G, BM Solutions and Lloyds themselves are no longer active in this important market. ![]() This week, a spokesman for the bank confirmed that residential mortgage lending to expatriates hoping to buy in the UK was unlikely to restart, with staff being redeployed.Īlthough no formal confirmation has been issued by the bank, telephone calls to the mortgage section are going unanswered, suggesting it has been closed down. Shortly afterwards, BM Solutions, also owned by Lloyds, issued a similar statement to broker partners. The bank suddenly stopped accepting applications and refused all active applications while it conducted a review of its lending operations. Lloyds Banking Group appears to have completed their review of their international mortgage lending activities which was started last August. Death knell to sound for Lloyds International mortgages?
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