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Ex-pat mortgages
Daily Mortgage News:
• Commercial mortgages, secured loans and bridging finance as well as london investment property and property furnishings and management
• Established to service the financing needs for international property investors
75% Mortgage Lending available in certain London postcodes

INVESTMENT PROPERTY

Here at Premier Expat Mortgages we  work closely with a number of residential and commercial property developers to bring you world class developments in Central London and around other parts of the UK such as Manchester, Birmingham and Liverpool. Our investment property within Central London and Outer London areas can be new build or existing built properties that our developers currently hold on their books for sale. London and the UK is one of the most buoyant property markets in the world and out performs investing in the F.T.S.E 100 stock market on many occasions. Gross yields are roughly 6% dependent on location with net yields of 3.5% to 4% are common

If you are interested in buying an investment property in London or UK property in other areas of the UK but haven’t started your search get in touch and we can help you find your perfect property. Our contacts of experienced developers here in Hong Kong and in London can provide you with some of the best off plan opportunities in new build developments and already built flats and houses.

Note: It is advisable to get your expat mortgage in place before or during your search for a property. It can take up to 6 weeks alone just to get financing in place and even longer if the lenders are busy with applications from different brokers overseas and in the UK.

 New Build Investment Property

There are pros and cons to purchasing in the UK between new builds and also existing built properties if you are an expat based overseas.

New Build – Pros

  • New Build Property –  interiors such as kitchens, bathrooms and carpets  are brand-new and under warranty. What’s the cost to replace a roof, appliances, counter tops or a water heater on a used home? Those components of your new home feature the latest designs and building materials and should offer your tenant years of comfort and enjoyment before needing replacement.
  • Energy and Cost Savings: Today’s new homes are far more energy efficient than homes built just five, ten or 20 years ago,.Why settle for draughty, energy-wasting single-pane windows in a used home? Living in today’s new build homes could result in savings of around 55% on gas and electricity spending.Many new homes offer double or even triple-pane windows. Special window coatings and inert gases between the layers of glass are often available saving prospective renters money in both heating and cooling the property but also on noise reduction for your tenants.
  • All New, Under Warranty – Your new property will come with a NHBC 10 year certificate ensuring a good build quality and a warranty on the build standard whilst being built. Your new home will come with a 10 year warranty and insurance cover. This will give you two years’ builder warranty (some builders offer longer) and then a further 8 years’ insurance provided by NHBC for any serious defects in the build. You probably won’t need it, but it’s great to know that you’re covered just in case.
  • Latest Security and Fire Safety – New homes are generally safer and more secure than older properties. Fire safety, in particular, is helped by the standard installation of smoke alarms, fire doors, and fire retardant materials helping keep your tenants safe. Many builders will also include security locks, burglar alarms and security lighting as part of your standard specification.
  • No Chain, easier conveyancing – As an expat landlord your tenant can move into a brand new home as soon as it’s completed.. This means there’s far less potential for hassle and stress than when you’re buying a second-hand home and there’s a long chain of house sales and multiple parties involved.
  • Property Selection – As an expat purchasing a new build property there are a few advantages such as choosing the property direction such as South West facing, property floor for ideal views and even having special furnishings or layouts by early negotiations with the developers.
  • Access the UK Property Market with lower deposit     There is the option to purchase a new build property with 20% deposit to access the growth in the UK market and then sell or flip the property before completion saving you stamp duty and closing costs. You need to ensure that the developer you are purchasing from gives you the ability of a sub sale and assignment contract to sell on the property before legal completion.

Existing Built Investment Property

There are just a few reasons purchasing existing built properties in the UK if you are an expat based overseas based on our experience of servicing expatriates and their mortgages for the last 5 years.

  • Timing – In a rising property market estate agents prefer buyers with cash or mortgages already agreed. Most expatriates overseas will see a property and put in an offer without having their expat mortgage agreed. This can take 4 weeks from mortgage submission to the lender and resulting in the agent selling to a local buyer so they receive their sales commission sooner.
  • Gazumping –  occurs when a seller accepts an oral offer (a promise to purchase) on the property from one potential buyer, but then accepts a higher offer from someone else. This is common is the UK, Ireland and Australia in rising markets.
  • Gazundering – Just as above this is where buyers have their chance and at the last minute before exchange of contracts they reduce their offer after lots of work has been done on the sale. This happens in falling markets.
  • Property Defects – These are usually discovered once the valuation has been performed and sometimes the seller knows about the defects but hopes you will purchase anyway and repair them. This isn’t an ideal situation as it means negotiating who will repair and the amount of the repairs.
  • Pulled Sales – Property defects, Gazumping and Gazundering and Chains can lead to lots of sales being pulled damaging both buyers and sellers. Regardless lawyers still need to be paid which can mount to thousands of  pounds being spent because of these events.
  • Premier Expat Mortgages works with some of the best developers in placing our clients with the right properties. We work closely with developers that want to discount their final remaining units and so offer heavy discounts to clients so that they can release their profit form the last remaining properties they hold in stock.

Why London, Manchester, Birmingham and Liverpool?

  • Most mature and internationally recognized property market in the world.
  • No restriction on foreign ownership fueling demand driven inflation.
  • On average, London property has doubled in value in value every 7-10 years since 1945.
  • Very strong rental demand (currently 8 tenants competing for every property).
  • London’s population due to grow by 10% over next 10 years not even enough property at present.
  • Weak GBP.
  • Low interest rates.

WESTMINSTER WORKS – BIRMINGHAM

Expat MortgageLocated close to the proposed high-speed rail network linking Birmingham and London,  HS2,  Westminster  Works is an ideal base for commuters to the north and south.  Within the Southern Gateway £1 billion regeneration zone Westminster Works offers city living within a vibrant new neighbourhood. Within an area of current major development,  the  project is situated around a newly created public space known as Moat Square.  This is an opportunity to diversify Birmingham’s leisure,  retail  and cultural offer, including niche retail, improved markets, family entertainment, residential and space for creative industries. Our scheme comprises a modern appearance both internally and externally. The units will be open plan, modern residential apartments configured around a central courtyard and access cores. There are 220 units currently incorporated into the design with a balanced mix of 1- and 2-bedroom apartments.

Expat Mortgage

Westminster Works – Key Points

  • 1 Bed and 2 Bed apartments
  • Prices from £178,000
  • Apartment size, 1 bed – from 474 to 619 SQFT, 2 bed from 653 to 787 SQFT
  • High-efficiency double glazed windows
  • 250 leasehold ownership
  • Completion- Q4 2020
  • 6% Rental yield

Marketing materials can be found by following the Dropbox link below;

UK Property Dropbox

Payment Plan 

  • Reservation fee £5000
  • 25% (minus reservation fee) on exchange of contracts.
  • 75% On completion

Expat Mortgage  Location

Birmingham is undergoing the strategic growth of the East side of its City Centre. Westminster Works is located within the Southern Gateway regeneration zone brought forward as part of the HS2 masterplan.

Birmingham Smithfield will become part of the city’s exciting growth agenda that will see 51,000 new homes, 100,000 new jobs and billions of pounds worth of investment in infrastructure. This growth will continue to strengthen the city’s national and international standing, placing it at the heart of an economic renaissance of the Midlands. Between December 2016 and March 2017, the biggest surge in workforce jobs in the UK was in the West Midlands, at 65,000, whereas the largest decrease was in the East of England at 36,000 (ONS), more jobs will mean more of a demand for property in the area.

 

 

MIDDLEWOOD PLAZA, MANCHESTER

Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, just 10 minutes’ walk from Manchester city centre.

Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, Middlewood Plaza is the ideal investment property for those looking to be a part of North West England’s bright future.

The impressive development features split-height blocks of six and nine storeys, with a total of 125 homes across the site, in the largest of Manchester’s three main regeneration corridors.

Expat MortgageMiddlewood Plaza- Key Points

  • 1 Bed,  2  Bed,  Duplex, Townhouse
  • Prices from £154,564
  • Apartment size, 1 bed – from 420 SQFT, 2 bed from 625 to 832 SQFT
  • Smart technology included as standard, for a future-proofed development
  • Whole-house ventilation and sprinkler system protection
  • Underground Parking + Ground + 8 Floors
  • Amenities – Communal Gardens, Roof Garden, Event & Entertaining Space
  • 250 leasehold ownership
  • Completion- October 2020

Payment Plan 

  • Reservation fee £5000
  • 25% (minus reservation fee) on exchange of contracts.
  • 75% On completion

Expat Mortgage

 

 

 

 

 

Location

The £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym,  hotel, bars,  restaurants, nursery and medical centre. Middlewood Plaza is located in the heart of Middlewood Locks,  which  provides pedestrian access between Salford and Manchester city centre.  Cycle access is in the process of being added,  furthering  the area’s excellent connectivity. Road and rail access to Middlewood Plaza is terrific,  with  Liverpool Street Bus Station 100 Metres and Salford Central Train Station 750 Metres away from the Development.  The M602 Motorway can be reached within two minutes.  The prime location will provide residents with easy access to all that Salford and Manchester have to offer,  from  their employment opportunities to their leisure facilities.

  • Manchester is home to 80 of the FTSE 100 companies
  • 20% population growth over the last decade
  • MediaCityUK, £650million digital media hub
  • Manchester properties sell 3 times faster than London
  • Properties in Manchester have increased in value by an impressive 29.22% over the past five years, according to February 2018 data from Zoopla.

Should you have any questions about the project or would like to request an exclusive allocation of units, please don’t hesitate to get in touch. You can find a link to the marketing materials and information surrounding the rest of our portfolio here.

Fabric Village – Liverpool

This project is perfect if you are looking for a high-income generating property, in a prime, up and coming city.

The Fabric Village, this sleek new build development incorporates 449 units over three blocks (FAB 1, 2 & 3) located right in the heart of Liverpool City. These stunning apartments will be delivered with a contemporary finish and are within easy reach of Liverpool’s vibrant city centre that boasts a diverse mix of bars, restaurants, theatres and shopping centres to suit everyone.

Expat MortgageThe Fabric Village Key Points

  • Price from £98,500
  • 9 floors
  • Size 330 – 782 sq. ft.
  • Lease 250 Years
  • Completion Q1 2020
  • Studio, Manhattan, 1 and 2 beds apartment
  • 7% Guaranteed Rental Yield on the first 3 years

 

 

 

Expat MortgagePayment Plan

  • Reservation fee £5000
  • 30% on exchange of contracts
  • Balance on completion

 

The Location

Located in Fabric Village. Liverpool is one of the best-connected cities in the UK, with two-thirds of the country living within a 2 hours’ drive away. With John Lennon Airport and Manchester Airport within 45 minutes’ reach, it is well-connected to destinations across the globe.

Expat MortgageThe city’s main train station, Lime Street Station, is just a 10 minutes’ walk from The Fabric Village. The station can take you to London in just 2 hours and provides direct rail links to major cities like Manchester, Birmingham, Leeds, and Sheffield.

  • 10 mins’ walk to major train station -Lime Street Station
  • 8 mins’ walk to University Hospital
  • Located in Knowledge Quarter- one of the largest bio-manufacturing hubs in the world with major universities and life science research centres
  • Downtown location (9 mins’ drive) where restaurants, bars, and shopping centres are all at your doorstep
  • Liverpool One (the busiest shopping street outside of London) is only 8 mins’ drive away
  • Less than 10 mins’ drive to Liverpool Waters (one of the biggest single regeneration schemes in the UK)

 

Expat Mortgage

Get in touch and we will arrange a meeting for you with some fantastic developers that can assist you with your potential purchase.  We can also email  what great property deals and developments we currently have for sale

Email us at [email protected]

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Address Level 16, Pavilion Tower, Jalan Raja Chulan, 50200 Kuala Lumpur,

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