A guide to Expat Mortgages

The expat buy-to-let market is growing rapidly as reports from several lenders show. Liz Syms, Connect Mortgages CEO, gives us some background into this market and explains what lenders are looking for. It is estimated by the World Bank that around 5.5 million people born in the UK now live abroad – around 8% of the present UK population. According to DeVere, 23% of these moved primarily for work and…

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Guiding you through the BTL Mortgage Maze

Since April 2016 there have been several changes for landlords operating in the Buy to Let (BTL) market. The Chancellor’s Budget ushered in a series of tax changes designed to ‘cool’ the rental market which were delivered by an extra 3% stamp duty on a 2nd property and removal of the 10% wear and tear allowance for furnished properties. “..This will result in higher tax bills for many landlords holding…

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Landlord Rental Index Report – February

What is the HomeLet Rental Index Report? The data included in the Rental Index is gathered from HomeLet’s tenant referencing service. The rental amounts given are based on the actual rental prices achieved for new tenancies in the reported month. The monthly report also provides landlords with useful information on tenant demographics like their average age, income, previous residential status and the type of property they are applying to live in. As well…

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Romford named best location for buy to let investors

Romford has been named as the new property hot spot for buy-to-let investors. Findings within LendInvest’s recent quarterly buy to let index review has revealed that Romford has replaced Luton at the top of the index climbing 6 places to do so. Prices obtained in Romford’s rental market have picked up in recent months, resulting in greater rental price growth over the past year to support strong capital gains in the region….

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Connect first to complete on Spanish mortgage with UCI

Connect Mortgages are delighted to be part of the first mortgage deal done by Spanish lender UCI bank under their new non resident scheme. The 400K Euro mortgage on a 650K  Spanish villa in Andalucia, was secured at a competitive variable interest rate of just 2.75% over a 20 year term. Connect was invited to join the banks new non resident pilot scheme at the tail end of last year and can their mortgage deals…

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Landlord Rental Index Report – January

What is the HomeLet Rental Index Report? The data included in the Rental Index is gathered from HomeLet’s tenant referencing service. The rental amounts given are based on the actual rental prices achieved for new tenancies in the reported month. The monthly report also provides landlords with useful information on tenant demographics like their average age, income, previous residential status and the type of property they are applying to live in. As well…

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What will 2017 look like?

Our friends at onlinemortgageadvisor.co.uk recently interviewed a panel of industry experts to reveal how they see the mortgage market unfolding in 2017. Topics put to the panel include: * The future of Buy To Let * Brexit & Regulation * House Prices * The Bank Referral Scheme Connect’s very own Managing Director Liz Syms was asked to give an insight into the market and the key things for clients and mortgage brokers to…

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Get on the property ladder with help from your family

In today’s world getting on the property ladder can be a real struggle. Millions of wanna be home owners find themselves either living with their parents or renting expensive accommodation meaning they can only manage to save a small deposit to buy their first home. A growing number of lenders are starting to recognise the problems facing first time buyers and are coming up with new innovative mortgage products to…

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Landlord Rental Index Report – December

What is the HomeLet Rental Index Report? The data included in the Rental Index is gathered from HomeLet’s tenant referencing service. The rental amounts given are based on the actual rental prices achieved for new tenancies in the reported month. The monthly report also provides landlords with useful information on tenant demographics like their average age, income, previous residential status and the type of property they are applying to live in. As well…

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