Working abroad does not mean that you have to lose your foothold on the property ladder in the UK; you can remortgage your home if you have one, or buy a property to let for income and investment purposes. Financing for this is known as an expat mortgage and requires specialist skill to access the right mortgage for you.
The expat mortgage advisor will work hard to shop around to compare thousands of deals from the whole market, not just a few lenders, doing this through using the most up to date technology to find the most competitive and appropriate expat mortgage for you. This will apply whether it’s a mortgage for a property you’ve just found or if you’d like to remortgage an existing home, you will be able to rely on the advice that you will get from the expat mortgage specialist.
What you want is all the options explained to you in plain English without unnecessary jargon, together with the importance of the right solicitor who has knowledge of the process whether your reason for taking out an expat mortgage is for investment or income, or as a base for trips back home. You may be an expat already owning a UK property you’d like to rent out, in either case you will get the right help and get the right buy to let expat mortgages for your situation. It is important to understand that buy to let mortgages for example differ from a standard mortgage, most lenders will assess your complete situation, they won’t just take your salary into account, but also the potential rental income you will get.