News By Tag
News By Location
Follow on Google News
Optimistic signs in expat buy to let housing market as mortgages rates fall and prices stabilise
Guy Stephenson of expat mortgage brokers Offshoreonline (https://www.offshoreonline.org/
House prices have remained solid in many parts of the UK, despite steeply rising mortgage rates, as the supply of homes for sale has been outstripped by the demand for property. With the supply side of the market now showing a significant jump, according to Zoopla, expat buy to let investors should now have a much wider choice.
Offshoreonline is also reporting the return of many smaller building society lenders to the market after they abruptly withdrew in the face of market volatility during the political turmoil seen in September and October.
Stephenson ends, "With more lenders returning to the expat mortgage market and those lenders now clearly seeking to price expat buy to let mortgages competitively, we are optimistic and feel that 2023 will in fact be a year when expat buyers return to the market."
Account Email Address Account Phone Number Disclaimer Report Abuse