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Expats with regular savings encouraged by new buy-to-let offerings

“Demand for buy-to-let mortgages from British expats continues to be strong and by opening up our mortgages to more countries we can continue to give British nationals living around the world the opportunity to invest in property in the UK,” commented Jim Coupe, managing director of Skipton International.

Some UK expats with regular savings may find it difficult to invest in buy-to-let in their country of origin though; the UK property market continues to grow at a rate which outstrips that of most other countries in the UK, meaning it can be difficult to get a foothold on the buy-to-let ladder. For example, in 2015 the rate of house price growth in the UK was 4.5%, a full 1.5% higher than the average global increase over the same period. Only a few countries, with popular UK expat destination Malta among them, managed to keep pace.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Go Dutch?

French FlagBritish expats in the Netherlands are experiencing a difficult time at the moment. Not only do they have to deal with continued uncertainties over Brexit as well as government plans to overhaul the 30% expat tax break, they are also now having to digest news that the Dutch government is readying itself to publish new legislation regarding dual nationality.

However, early news suggests that developments on this final matter could prove to be rather more encouraging – albeit with a number of qualifications – with initial statements indicating that preparations are being made to reduce some of the restrictions on dual-nationality in the Netherlands.

As it stands, expats who wish to remain in the Netherlands and embrace Dutch citizenship are, in the majority of cases, obliged to renounce their nationality of origin. The choice is stark and onerous: go Dutch or stay as you are. This, of course, will prompt a number of British and Netherlands wealth management considerations and must be considered very carefully.

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Portugal Inspires Italy’s Flat-Rate Tax Regime for Expats

50 Euro NotesExpat financial advice is a must for any British expat living in Portugal, Spain or Italy to ensure they meet their cross-border taxation obligations while also making the most of the financial growth and preservation opportunities available to them.

However, there is no off-the-shelf recipe for success in this regard. Instead, expat financial advisers need to take full account of every client’s individual circumstances before recommending any product or strategy.

Furthermore, the parameters affecting expat investors are subject to jurisdictional differences and change, so it is not only essential that expat financial advisers stay abreast of their clients’ changing needs and circumstances but also the changing legal and regulatory environment in which their investments operate.

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