UK mortgages for UAE based expats

EDIT 2017. This has been superseded by a more recent article

An expat’s guide to buying property in the UK

 

No matter what is happening in the rest of the world, interest in the UK housing market remains strong with many people looking to buy a property as part of their portfolio of investments, or as a future home.

Changes to the way in which UK mortgages are underwritten, which came into effect in April 2014 under the guidance of the Financial Conduct Authority, have made it harder to anyone to obtain a mortgage and the options are even more limited for expats.

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To panic or not to panic, that is the question…

With the turmoil in the markets in the last couple of weeks it is understandable that many people have been worried about their investments. The fall in the Chinese stock market triggered a knock-on effect in other global markets and all looked a little worrying for a few days although we have since seen some upward movement.

Is this enough to stop you panicking? Should you be worried?

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