Expat buy to let mortgage
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Buy to let expat mortgage
If you are a British expatriate looking to purchase a property in the UK to rent, you will need an expat buy to let mortgage. However, with few lenders in the marketplace, it can be difficult to attain a mortgage without the help of an expat mortgage broker like Fosters Financial.
As most expat mortgage lenders do not personally transact with overseas clients, they will insist that you use a mortgage broker. This may be frustrating, but a good broker can save you hours of misspent time. If you do not have a recent UK credit report, they can also help you prove your affordability and thereby your chances of being accepted.
At Fosters, we have access to the whole of the market and can help you obtain the best deal for your needs. If we find a suitable product, we manage the entire application process on your behalf. We also keep you regularly updated on your progress to remove the hassle from you.
Interested in discovering your options? Get in touch or speak to one of our advisors today!
Important things to consider
When purchasing rental property in the UK, you will need to consider the additional costs involved. Following Brexit, expats and foreign nationals now need to pay a 2% surcharge on top of the standard residential Stamp Duty Land Tax (SDLT) rates. You will also need to pay tax on the income you earn from your rental property, so seeking independent tax advice is highly recommended.
Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.