More
Hide
Share

Fancy a Spot of House Hunting in the UK?

Her Finance reviews the pros of purchasing a property this summer.

Fancy a Spot of House Hunting in the UK?
It’s the expat dream. To pack up your bags come summer and hop on a plane back to your very own holiday home in the UK. Be it a lock-up in the Lakes, a bolt hole by the sea or a cottage in the country. 
 
For most of us, it’s not a reality. But with the current state of market conditions, now is a favourable time for expats looking to add a UK property to their portfolio. 
 
Thanks to a politically hot summer in the UK, Sterling is vulnerable to volatility and electoral uncertainty has gone some way to slow the housing market. For UK residents, it’s a time to tighten the belts and delay buying a new property. 
 
Not so for expats.

In many cases, your currency is worth a lot more in cold hard pounds, and according to Head of Wealth Management Gaenor Jones, Her Finance is experiencing an unprecedented increase in demand for UK mortgages.
 
“We’ve seen a big uptake in interest for UK mortgages – particularly buy-to-let. It could in part be attributed to lower interest rates and the weaker pound which has, in some cases, neutralised additional stamp duty costs.” 
You might also be interested in...

But how easy (or hard) is it to be approved for a UK mortgage?

Several major UK lenders put a stop to mortgages in May last year, due to a new policy requiring applicants to be resident in the UK in order to be eligible for a mortgage. 
 
However, property solutions are still widely available – if they look in the right places according to Ms. Jones:
 
“Whilst it might be a struggle to get a mortgage through a lender back home, the field is wide open here. Through our mother company Globaleye and together with our partners and associates, we can facilitate mortgages for virtually any country in the world. If you already own a property in the UK, we can even help you release equity in the form of a remortgage to enable you to take advantage of current market conditions with the purchase of a holiday home or rental.” 

I’m sold. So how do I buy? 

Start this summer by checking out investment locations. If you’re in the market for a holiday home, you should perhaps think about ‘trying out’ the areas before you buy, to avoid disappointment. 
 
If like most buyers, you’re looking for a second property or a buy-to-let, it’s worth considering areas that are currently experiencing a boom in rentals. 
 
As ‘UK City of Culture 2017’, Hull has flourished under extensive regeneration. The Aberdeenshire oil industry is currently lending itself to the rental market in Inverness. Leeds has always had a booming student population and is enjoying major investment appeal with the much-anticipated arrival of High Speed Two. Manchester is ranked alongside the capital as a prime buy-to-let market with 10,300 new homes required annually to keep up with growth until 2035. And the wild card – Stockport – is causing a stir on the rental scene with an expected £1 billion being fed into commercial, retail and residential sectors. 
 
Once you’ve staked out your investment location, take a look at your finance options. Ideally, you need to find a reputable agency with links to major international lenders. Her Finance, for example, offers a range of property solutions which take care of everything including borrowing from major lenders, property search, in-house solicitors and auditors and even currency solutions. 
 
To find out more about property and mortgages, visit her.finance or globaleye.com for a callback. 
 
5_17_11_44_1_.png
Sponsored by
HERfinance powered by Globaleye
5_17_11_44_1_.png
Her Finance is a wealth advisory focused on empowering you with the knowledge and know-how to make informed decisions that will take care of every aspect of your financial life. We’ll teach you to love your finances. And you’ll learn it’s not complicated to reach your goals.
Dubai
Globaleye - Her Finance MPU

On ExpatWoman Today

You Won't Believe This Hidden Treasure Exists In Palm Jumeirah

 Enjoy a Visit to Dubai

Enjoy a Visit to Dubai's Premiere Shopping Destination

Join Aga Khan Early Learning Center on their Open Day this 25th of November

Join Aga Khan Early Learning Center on their Open Day this 25th of November

Public Holiday Announced for Prophet’s Birthday and National Day

Public Holiday Announced for Prophet’s Birthday and National Day

The Impact of Infertility and Its Treatment to Mental Health

The Impact of Infertility and Its Treatment to Mental Health

Understanding the Link Between PCOS and Diabetes

Understanding the Link Between PCOS and Diabetes

Fertility Journey - Waiting While Trying to Conceive

Fertility Journey - Waiting While Trying to Conceive

Shop Around for the Best Car Insurance Policy in Dubai

Shop Around for the Best Car Insurance Policy in Dubai

Movember: How Can Diabetes Affect Male Fertility

Movember: How Can Diabetes Affect Male Fertility

Rejuvenate Your Face With the 24k Gold Foil Mask in Dubai

Rejuvenate Your Face With the 24k Gold Foil Mask in Dubai

Top 5 Countries To Move To In Order To Earn More Money

Top 5 Countries To Move To In Order To Earn More Money

Take a Look at Greenfield Community School

Take a Look at Greenfield Community School's Programmes

Your Complete Guide to Buying a Family Car in the UAE

Your Complete Guide to Buying a Family Car in the UAE

8 Things that You Need to Know About Egg Freezing

8 Things that You Need to Know About Egg Freezing

Emirates International Schools Invite Parents to an Open Day

Emirates International Schools Invite Parents to an Open Day

You

You're Invited to a Festive Decor Workshop at Interiors

World Diabetes Day 2017 - Defeat Diabetes

World Diabetes Day 2017 - Defeat Diabetes

Offer: Ascertain Your Risk for Diabetes with Aster Clinic

Offer: Ascertain Your Risk for Diabetes with Aster Clinic

A Sneak Peak into the Dubai Frame

A Sneak Peak into the Dubai Frame

Dr Joy Dental Clinics Welcomes Cosmetic Dentist Dr. Elisabeth Stahl

Dr Joy Dental Clinics Welcomes Cosmetic Dentist Dr. Elisabeth Stahl

SISD Talks: A Success Story of a Car Booking Service in Dubai

SISD Talks: A Success Story of a Car Booking Service in Dubai

Beauty and Rejuvenation: An Exclusive Event with Dr. Kayle

Beauty and Rejuvenation: An Exclusive Event with Dr. Kayle

5 Ways to Improve Your Kid

5 Ways to Improve Your Kid's Pencil Grasp

6 Reasons Why You Should Take the Big Step and Work Abroad

6 Reasons Why You Should Take the Big Step and Work Abroad

6 Things to Consider Before Buying a Used Car in Dubai

6 Things to Consider Before Buying a Used Car in Dubai

Earthquake Tremors Felt by Residents in Dubai

Earthquake Tremors Felt by Residents in Dubai

About Aga Khan Early Learning Centre

About Aga Khan Early Learning Centre

A Nation Comes Together: The UAE’s Prayer For Rain

A Nation Comes Together: The UAE’s Prayer For Rain

Motivation: How to Inspire Your Children to Learn

Motivation: How to Inspire Your Children to Learn

6 Reasons Why You Will Love Yoga for Fertility

6 Reasons Why You Will Love Yoga for Fertility

Your Guide To Overstaying Your Visa In The UAE

Your Guide To Overstaying Your Visa In The UAE

5 Things You Can Do to Increase Your Chances of Conceiving

5 Things You Can Do to Increase Your Chances of Conceiving

The Difference Between Dry and Dehydrated Skin

The Difference Between Dry and Dehydrated Skin

Everything You Need to Know About Breast Cancer

Everything You Need to Know About Breast Cancer

Review: Carbon Laser Peel at Premium Cosmetic Laser Center

Review: Carbon Laser Peel at Premium Cosmetic Laser Center

Water, Electricity Bills, And All Food Items To Be Affected By VAT

Water, Electricity Bills, And All Food Items To Be Affected By VAT

Tips to Boost Your Kid’s Immune System

Tips to Boost Your Kid’s Immune System

Tips on How to Overcome the Difficulties of Moving Abroad

Tips on How to Overcome the Difficulties of Moving Abroad

Reporting a Minor Accident in Dubai – Everything You Need to Know

Reporting a Minor Accident in Dubai – Everything You Need to Know

Offer: Refer a Friend & Get 1 Month Free Membership at Motion Fitness

Offer: Refer a Friend & Get 1 Month Free Membership at Motion Fitness

Dubai Frame Ticket Prices Revealed

Dubai Frame Ticket Prices Revealed

How to Reduce Diabetes Risk During Pregnancy

How to Reduce Diabetes Risk During Pregnancy

In Pics: EW Entrepreneurs - Essentials of Business Finance

In Pics: EW Entrepreneurs - Essentials of Business Finance