Expatriate Mortgage Advantages

Expatriate

Expatriate mortgages are specialist mortgages available for UK citizens who are living and working abroad. If you own a UK property and are working abroad you can apply for a residential mortgage, even if this property is to be let for a few years until you return.

Mortgage Advantages

Get a Free Quote Advantages to Expatriate Mortgages
The main advantage to be gained from an Expatriate mortgage is that it simply gives UK citizens living or working abroad the opportunity to buy a property in the UK or borrow against their current UK home.

In a way there is no comparison advantage to the generic Expatriate mortgage because expatriates do not have a choice of other high street mortgages on offer. There will be various types of Expatriate mortgage offered by specialist lenders but they will all have the stipulation that the borrower is an expatriate.

UK Citizens
For UK citizens who perhaps want to buy a property in the UK with money that they are earning while working abroad there is no other option other than to seek out an Expatriate mortgage often from a specialist lender who has been found by an experienced broker.

The Expatriate mortgage does open up possibilities for UK citizens abroad that do not seem to be readily available on first inspection. The risks associated with lending to expatriates are offset by the increased rates and other factors of the Expatriate mortgage.

Expatriate mortgages allow people living and working abroad to take advantage of their situation. Perhaps they can earn more money in their profession in a foreign country or perhaps they are able to enjoy a better lifestyle. At the same time the Expatriate mortgage will still enable them to buy a home in their native UK. It gives them the flexibility to move away from the UK and still get a mortgage when required.

Perhaps the UK citizen living abroad will want to borrow against their UK property to raise the funds to buy a property in their chosen country and without the provision of the Expatriate mortgage and re-mortgage they would not be able to do so.

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