Cheap expat mortgages for UK landlords living abroad?

Cheap expat mortgages for UK landlords living abroad?

15:16 PM, 23rd September 2022, About 2 years ago

Text Size

Hi, I own 5 mortgaged rental properties in the UK. Since I am now living abroad I am concerned that when the mortgages are up for renewal, I will not be able to borrow at competitive rates.

I can only find a few lenders who will lend to expats and the rates are much higher than they would be for a UK resident.

And this would potentially make my property business nonviable.

Is there a work around for this? Eg, taking a UK based business partner / getting a mortgage in joint names?

I’ve got family living in the UK who I can trust in case that widens the available solutions.

Any advice would be appreciated.

Stephen


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now