Call us on 0344 346 3672
or arrange a callback

We're ex-pats thinking of returning. How easy is it to buy a property?

Posted on 28 July 2014 by Sally


We're ex-pats thinking of returning. How easy is it to buy a property?

Myself and my family have been living abroad for 5 years, we would like to buy a property in the uk for us to return to one day (hopefully in the next couple of years). My question is how easy is it to get a mortgage? We have found a property in Worcestershire with an asking price of £500,000. What sort of deposit would we need to put down if we could secure a mortgage? Many thanks and look forward to hearing from you.

Sally,

Ex-pat mortgage are still fairly readily available, and enquiries about them are very strong. Typically to access the more competitive rates you need to be looking at putting down a deposit in the region of 25% - 30% of the purchase price.

You don't mention it, but I will assume you would rent the property out until you renturn, and therefore the rental income the property will genereate will also need to be taken into consideration as will the rest of your overall finnacial position.

I think it would be worth exploring your options in a bit more detail, and you can do this by contacting one of our consultants on 0344 346 3672 and they'll be able to give you a more exact idea of how we can help.

Regards,

Simon

More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.


Legal

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.