Ex-pat Mortgages
I'm looking to write a feature on the ex-pat morgtage market, that is those living overseas (UK nationals, largely but overseas residents too) who are buying property in the UK.
I am looking to talk to brokers and lenders - particularly brokers - who work in this area, for a feature for Mortgage Strategy.
- Who are you typical client base – in terms of profile / typical earnings/ type of property buying etc. Is this a market that has grown in recent years, or remained broadly stable? Is it mainly UK nationals overseas or is there also a more specialist market for overseas buyers?
- How easy is it sourcing mortgages for these clients? Has this market expanded in recent years or contracted? Would you like to see more specialist products aimed at this area?
- What particular challenges do these clients face around affordability? Do they need higher deposits, pay higher rates and/or fees due to increased perceived risks?
- Are there additional adminstrative hurdles with the clients based overseas. How can brokers help with this?
- How do brokers market their services to overseas clients? Do these come from google searches or are there other specific ways to target ex-pat clients? .
Many thanks - any comments gratefully received by end of play Monday 24th June