“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.
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There has been unity among groups representing British expats living in EU nations – particularly Spain, Germany France, Belgium, and Italy – in an attempt to convince MPs to ensure expats have their rights sufficiently protected during Brexit.