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Old 09.10.2019, 09:59
peaky peaky is offline
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Re: Know any UK expat mortgage brokers for non-UK, non residents?

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I got some offers for 3.1% fixed for 2 years on a 65% LTV or 3.4% for a 75%.
If thats what youve been offered then thats great, but I would be surprised. A first time buyer, over seas national and resident and a buy to let mortgage.

That figure is more likely to be someone living in the house.

If its what youve been offered I would be tempted to go for it, just make sure you have made your intentions clear on the offer you have.

And still I think youll need 125% excess rental income over the repayments.

Negative equity is less of a concern. Of course you want to make as much as possible, but even with Brexit, if you bought and the property lost 20%, over 20 30 years it should go up 40 or 50 % so long term you should be always ok, its only if you needed to sell suddenly

Good luck.
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