International Mortgage News

Mortgages for UK Property (Expats Only)

I wouldn’t normally comment on the UK property market (we are not FSA registered and cannot give advice on UK mortgages - see below), but one bank has come up with such a great product for Expats that we have to mention it.

With the credit crunch, banks have tightened up their underwriting criteria, making things particularly hard for expats to remortgage their UK properties.

Well despite all the doom and gloom in the press I am happy to report some good news. We have access to a large high street bank that is happy to offer residential mortgage rates on one UK property; if it is your intention to return to the UK and it will become your principle main residence at any time within the next ten years. If it is rented out, they will even take this income into consideration in their calculations.

This product is a residential mortgage product and therefore comes under the regulation of the UK Financial Services Authority (FSA). IMB Financial Solutions are not regulated by the FSA and therefore cannot give you advice on this product.

We can, however, introduce you directly to the bank, their advisors are FSA regulated and they will cover all aspects of the advice process. We charge an introduction fee of 0.35% of the loan for this service, payable on successful mortgage offer only.

For multiple properties and other scenarios, we can also refer a number of highly experienced FSA regulated Independent Mortgage Brokers and are happy to put you in touch with them if you require their assistance.

Want to find out more information, please contact me via my website: www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.