property

British expats face challenges buying a property ahead of move home

by Ray Clancy on November 15, 2018

Expats moving back to Britain face challenges if they need to find a home to buy with many surprised by the rise in prices in places like London.

While many expats, who planned to only work abroad for a set time and rented out their property rather then selling up, there are others who return due to other reasons such as Brexit, family or health, and do not own a home.

(Victor Huang/Bigstock.com)

Others who are not intending to come back now have more choice in terms of getting a mortgage with lending opportunities increased.

‘The main buying challenges for expats are associated with finding the right location and the right property from a great distance. Evaluating market conditions, values, unfamiliar bureaucracy and dealing with estate agents remotely is an unenviable task,’ said Bill Spreckley of Stacks Property Search.

‘Depending on how long they have been away, they can be out of touch about many aspects of UK life, property and schooling being the most frequently cited areas of difficulty. With moving costs being so prohibitive and due to the prices of property in London, a high percentage of expats are now returning directly to the Home Counties and beyond,’ he explained. [click to continue…]

{ 0 comments }

Thumbnail image for Expats and nationals in the United Arab Emirates buying more property in the UK

Expats and nationals in the United Arab Emirates buying more property in the UK

November 29, 2017 United Arab Emirates

Expats and foreign nationals in the United Arab Emirates are increasingly investing in the British property market as the currency rates make prices extremely competitive, new research suggests. The latest data shows a 20% year on year increase in expats and foreign nationals within UAE investing in UK property. These buyers are investing in both […]

Read the full article →
Thumbnail image for Research reveals which university cities are best for expat student landlords

Research reveals which university cities are best for expat student landlords

May 17, 2017 United Kingdom

Expat parents who buy a property for their student offspring to use while studying in the UK could earn a decent amount by renting out rooms to other students, especially in cities with the top universities. The owner of property rented out to students in the top 10 university locations could see their investment bringing […]

Read the full article →
Thumbnail image for Change in lending criteria making it harder for British expats to get mortgages

Change in lending criteria making it harder for British expats to get mortgages

February 22, 2017 United Kingdom

British expats are finding it increasingly difficult to get a mortgage to buy a property in the UK due to tougher lending requirements that were introduced at the start of the year. Many expats like to buy property in the UK as an investment and let it out so that they have the option of […]

Read the full article →
Thumbnail image for Hong Kong remains the world’s most expensive place to buy property

Hong Kong remains the world’s most expensive place to buy property

September 28, 2016 Hong Kong

Hong Kong is the most expensive city in the world to buy a home, followed by Singapore, New York, London and Paris, according to new research. These are cities where career expats often aspire towards working, but if they want to buy an apartment then they will pay more than anywhere else in the world, […]

Read the full article →
Thumbnail image for Expats in Dubai with careers are keen to buy property

Expats in Dubai with careers are keen to buy property

September 20, 2016 Dubai

Expats in their twenties and thirties are the most interested in buying property in Dubai as they regard the emirate as likely to be their home for their prime career years, new research suggests. According to the Dubai Statistics Centre there are 1.2 million expats aged 25 to 39 years old living in the emirate […]

Read the full article →
Thumbnail image for Some Brits putting off moving and buying in EU

Some Brits putting off moving and buying in EU

July 20, 2016 United Kingdom

The decision to leave the European Union has triggered some Britons to defer plans to move to a EU country or buy a second home in popular destinations such as Spain or Portugal, it is suggested. But, conversely, many Britons are continuing with their planned property purchase and none really know if, or to what […]

Read the full article →
Thumbnail image for French banks introduce mortgage lending rules for expats

French banks introduce mortgage lending rules for expats

July 29, 2015 France

Expats looking to buy a home in France are facing tougher lending rules from some banks and even being required to have up to two years’ worth of mortgage payments in a separate account. An increased demand for mortgages due to historically low mortgage rates rising in France has led to a reduced credit supply, […]

Read the full article →
Thumbnail image for British expats seek to capitalize on ‘hot’ buy-to-let market in UK

British expats seek to capitalize on ‘hot’ buy-to-let market in UK

June 24, 2015 property

British expats, particularly those living in the United Arab Emirates, are taking advantage of rising rents in the UK to purchase investment properties. London is the most popular location due to a high demand for buy-to-let rental properties and good yields for landlords, but expats are also looking outside the capital city. Offshore bank Skipton […]

Read the full article →
Thumbnail image for UK general election result set to boost property sales to expats and foreigners

UK general election result set to boost property sales to expats and foreigners

May 19, 2015 Britain

There are signs that British expats have been buoyed by the country’s general election outcome and are looking at investing in property as a result. De Vere Mortgages, which specialises in loans for expats buying abroad or in the UK, as well as foreign nationals buying in the UK, has reported a noticeable surge in […]

Read the full article →
Thumbnail image for New Inheritance Rules in Dubai Allow Expats to Pass on Property for First Time

New Inheritance Rules in Dubai Allow Expats to Pass on Property for First Time

May 7, 2015 Dubai

Expats in Dubai with assets such as property will now be able to choose how their estate is to be distributed under new inheritance rules. New rules set in place by the Dubai International Financial Centre (DIFC) will allow non-Muslim to be exempt from Sharia laws on succession. The DIFC has launched a Wills and […]

Read the full article →
Thumbnail image for Bank Sees Demand Soar for Expat Buy-to-Let Mortgages

Bank Sees Demand Soar for Expat Buy-to-Let Mortgages

February 10, 2015 Britain

British expats looking for a buy to let property can often find it hard to get a mortgage but one provider has reported a surge in successful applications. According to Channel Islands based Skipton International, its expat buy to let mortgages look set to eclipse local lending during 2015, following their launch last July. It […]

Read the full article →
Thumbnail image for Expats in Spain Facing a Range of New Taxes in 2015

Expats in Spain Facing a Range of New Taxes in 2015

February 3, 2015 General

Expats who own property and work in Spain are having to contend with a range of new taxes in 2015. New regulations in the Spanish budget for 2015 directly affect owners of Spanish property and businesses. In particular, the Spanish Government has introduced a series of beneficial tax breaks for foreign investors. The capital gains […]

Read the full article →