If you’re living abroad but are considering purchasing a house in the UK because of Brexit, either to move back or as an investment, then you might be concerned that you’re not up to date with the British property market. Well, the good news is that everything’s in your favour. Keep reading to find out about market trends, the process of buying a property and key points if you’re moving back.
HMRC has targeted property investors in recent years, especially with capital gains tax hitting second home owners and buy-to-let landlords. So what can you do to limit your exposure to this in the UK?
When looking at your buy-to-let options in the UK, not all rentals are the same. There is a wide choice of lettings that you could offer. Which you choose will depend not only on your budget and personal preferences, but also on how easy it will be to manage the property. Here we analyse a few types of rental, with the pros and cons.
With Brexit looming and still no sign of a finished deal, luxury property developers are feeling the pinch. The upper end of the property market has long priced out normal buyers, with high-class units selling for eye-wateringly high sums, particularly in London. But, with the number of unsold off-plan homes under construction in the capital sitting at record levels, could there be bargains on the horizon for savvy buyers?
Letting out a UK rental property can be a sound investment. According to the Royal Institution of Chartered Surveyors, rents could increase 15% in the next five years. So, whether you’re renting out your old home while moving abroad, or you’re already overseas but want to buy again back home as an investment, this could be a great income source for you. However, there have been a number of changes to rental rules recently – and the rules aren’t the same nationwide. Here are the main rental rules in the UK to be aware of.
