If you’re looking to invest in UK rental property and wish to take advantage of historically low interest rates, what are your options for borrowing money as an expat still living outside the UK?
The pound’s weakened state since June 2016 made British property at least 18% cheaper, while falling demand forced prices even lower. Is a likely Conservative victory mean the bonanza is about to end?
Each year some 600,000 people move to the UK. A large proportion of those are British people coming back. They may have been living abroad for work, for their health, for early retirement, or with their parents. Many of them will be entitled to benefits. But to claim benefits when returning to the UK your first requirement will be to pass the Habitual Residence Test.
With the pound falling by up to 10% against many global currencies in the past three months, buyers from overseas are taking advantage of the decimated prices. And with prices falling in the capital anyway, due to Brexit uncertainty, both returning expats and long-term investors are finding value in the biggest buyer’s market for over a decade. One thing we know, UK estate agents will be thrilled to see you!
So, you’ve worked out what you want from your ideal home or investment property – and you’ve maybe decided on the perfect area, too. But now it’s time to talk money: what are the buying costs of a UK house and ongoing costs to take into consideration? Once you’ve got a firmer idea of your budget, your purchase will be much smoother and hassle-free.
UK Property Guides 
