It has now been a few weeks since the results of the UK’s referendum relating to the EU and as the dust starts to settle we may have a little more idea of the long terms effects. I am always reluctant to make any kind of financial prediction, especially with such an unknown political landscape, but I think it would be useful to cover a few topics that may affect many people on a personal financial level.
EDIT 2017. This has been superseded by a more recent article
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.
I would like to let everyone know that I now have a dedicated in-house mortgage desk which can source a wide range of products and services from the whole of the market.
If you are interested in buying a new apartment or villa, refinancing, or would like to release equity from an existing property, we can assist. The strong and well-established relationships we have with some of the leading banks in the UAE means we can access the best rates, along with the best service.