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Financing your Portuguese home: the ABC of Home Loans in Portugal

In this article we look at some of the key factors involved in financing a property purchase in Portugal. If you are thinking about moving to Portugal and buying a property there, you should be aware that there are some specific conditions that you should meet to be able to get a home loan by a Portuguese bank.   ComparaJá.pt, a comparison web ...

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Buy-To-Let Mortgages For Expats In The UK

Buy-to-let mortgages for expats are available to help you invest in the UK property market and there are various options for obtaining a loan. There are additional challenges for expats beyond those faced by domestic borrowers. Buy-to-Let (BTL) Mortgages: This type of mortgage is used to facilitate the purchase and remortgage of residential property in the UK for the purpose of letting to a privat ...

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Expat UK Mortgages Made Easy

The impact of the Brexit referendum has made investing in UK property for British expatriates an attractive prospect. Yet the practicalities of doing so can be a little more tricky. With increased regulations around lending and changes to lending practices, many lenders have withdrawn from the market, leaving expatriates struggling to find ways to invest in UK buy-to-let properties. This article h ...

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New Mortgage Range For British Expats

Offshore bank Skipton International has launched a new range of mortgages for British expats. The Guernsey-based bank is offering two new fixed rates For borrowers looking for a remortgage of £300,000 or more, the rate is fixed at 3.99% for five years. Smaller loans between £100,000 and £300,000 come with the higher rate of 4.49% again fixed for five years. Application fees are £999, including a v ...

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British Expats Find Mortgages For UK Property Elusive

British expats have to look longer and harder to find affordable deals for UK house buying. Problems encountered by expats include having to find much larger deposits than UK-based customers, and higher interest rates and arrangement fees. These come on top of the usual hassles of finding and conveyancing a property purchase from a distance. Lenders may levy early-repayment penalties for expats ...

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New Expat Mortgage Calculator Launched

Skipton International has launched an upgraded online calculator, giving expat mortgage customers a quick guide to loan options. The calculator uses information such as property value and rental income to show customers the maximum amount they would be able to borrow, along with estimated monthly repayment costs, based on Skipton’s mortgage offerings for the requested term. It can also give a mort ...

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Do New Buy-To-Let Rules Affect UK Expat Buyers?

Rules on UK lending introduced by the UK’s Prudential Regulation Authority limit the amount expat buy-to-let property investors and landlords can borrow on new mortgages. The new rules are designed to slow the demand for UK buy-to-let investment by demanding buyers raise larger deposits. Lenders will have to test affordability using notional interest rates of 5.5%, ensuring rental coverage of up t ...

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Most Expat Buy-To-Let Loans In South East UK

A majority of UK expat buy-to-let mortgages are concentrated in greater London and the South East, according to new figures. Figures from lender Skipton International show up to 40% of expat mortgage customers are investing in buy-to-let property in Greater London, with another 25% in the South East of England. Just 10% of British expats purchasing property to rent out are investing in either the ...

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Buy-To-Let Mortgage Calculator For Expats

Guernsey-based offshore bank Skipton International has launched a mortgage calculator to help British expats in their property investment planning. The new expat mortgage illustration allows those considering a UK buy-to-let investment to enter the value of the property and its expected rental income. They will then be shown the maximum loan potentially available, and the deposit required. Skipton ...

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