Returning expat CGT liability on selling main residence?
5 years ago | 1 comments
Cheap expat mortgages for UK landlords living abroad?
3:16 PM, 23rd September 2022, 4 years ago
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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
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