Are you an expat looking to purchase or remortgage a property in the UK? If the answer is yes then you will find that you are going to have quite a tough time securing the finances to do this. This is down to a number of reasons, including the use of foreign income, and being employed with a company outside the jurisdiction. As well as this, UK lenders that have expat deals are extremely rare, and when they do have deals you will be required to have a long and decent UK credit history, something which many people simply do not have, especially if you have been outside the country for many years.
There are now more and more UK nationals becoming expats in Dubai, and this is because there is a luxury lifestyle available in this beautiful city with lots to offer people, including tax free incomes. In fact, in 2010 only around 16.5% of the United Arab Emirates population were Emiratis, with the rest being made up of people from all around the world. A lot of the time expats will want to have a property back home to return to one day, or perhaps use as a holiday home, so how can you get UK ex pat mortgages for British expats living in Dubai? If you need assistance with buying properties overseas and have questions regarding finance and mortgages, check out the Simon conn website for expert advice.
Help Available from International Mortgage Brokers
There are international mortgage brokers that have access to a huge range of banks, as well as private lenders that may be able to help and offer a range of mortgage rates for expats. Many expats currently living and working in Dubai will contact a company like Capital Fortune, as there are lots of successful Capital Fortune Expat Mortgages that have been arranged, and they have been striving to help people working in all kinds of different industries in Dubai to obtain a mortgage. One of the great things about this is that you do not have to have a UK bank account, and a lack of UK credit history can also be overcome.
Not being able to get a mortgage in the UK can be frustrating, especially if you are in another country and not easily able to take steps to obtain one. But do not worry, as there are companies out there who will be able to help you to purchase or re mortgage a UK property.