Overseas buyers take advantage of weakening pound

With the pound plummeting in value since the Brexit decision last month, overseas buyers have been quick to take advantage of the favourable conditions that have made investing in UK property even more attractive.

Buyers from the around the world now find their money goes a great deal further, with the pound down by over 10% against both the Euro and US Dollar. Although there is speculation about the direction of property prices in the short term, many overseas buyers recognise the long term potential of UK property investment, fundamentally due to the vast shortfall in current housing.

Mortgage finance is also competitively priced at this moment in time for both foreign buyers and UK Expats, with interest rates starting at just over 2%.

Mortgages are available to a range of buyers including:

* First time buyers
* Experienced landlords
* Self employed buyers
* Buyers wanting to purchase properties for their children to reside in whilst at University.
* Buyers wanting to purchase a holiday home in the UK.

Generally a minimum of a 20% deposit is required to secure a mortgage and properties must be valued over £80,000. Older buyers will be pleased to learn that some mortgage lenders have no maximum age restrictions and options are available to experienced investors to buy Student let and HMO properties.

If you are a Foreign Investor or UK Expat and would like to find out more about the mortgage options available to you, please contact one of our friendly independent mortgage advisers using the contact form below or by phoning 01708 676111.

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YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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