I know a few people are worrying about mortgage interest rates and are hesitating buying property because of that so let’s put the increases it in perspective. There are loads of complex and jargon-heavy articles in the financial press but we’re busy this time of year so this is a simple guide to what has been happening and why it’s not as bad as it may look.
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.
For expats, it is harder to obtain a UK mortgage but I work with an excellent mortgage broker with the largest panel of lenders of any broker working with GCC clients
This article is a guide to what you need to know when buying property in the UK and there will shortly be two companion pieces, one about buying in Dubai and another about the tax issues to bear in mind in respect of UK property ownership.