Brexit results in more overseas buyers

We may still be in the midst of confusion and debate about how the UK will exit the EU but it seems the property market waits for no man - and is already feeling the effects of last June’s referendum result. Industry sources are revealing a significant increase in the number of overseas buyers looking to purchase property in the UK over the last few months.

Since the referendum results - and the economic and political turmoil that followed it - the value of the pound has fallen considerably. Indeed, latest figures show it has fallen 16% against the dollar and 11% against the Euro - thus boosting the spending power of overseas buyers. 

Agents and investment specialists are reporting increasing interest from foreign investors who have realised that they can currently get more property for their buck and euro, particularly in the capital where getting a property bargain is almost unheard of these days. 

As well as foreign buyers, there is also an upturn in enquiries from expats who are making the most of the opportunity to snap up property back home at a discount. 

And if the turbulence surrounding triggering Article 50 continues - and as the deadline for Theresa May to start Brexit approaches -  we’re could see the pound fall even further, offering even more opportunities for overseas buyers. 

With its extensive lender relationships as well as the experience and expertise of its brokers, Private Finance is well placed to assist both expatriates and buyer from overseas. 

The firm has also forged relationships with other professionals and service providers to further assist clients with an international perspective. 

Foreign exchange services include as the ability to secure an exchange rate for up to 3 years in advance so the price of your property is secured no matter how volatile the currency markets are. Competitive exchange rates and fees result in savings of up to 4% over using the retail bank. Private Finance has an affiliation with HiFX the foreign exchange specialist; further details are available here.

For further information please contact Private Finance on 0800 980 8777 or info@privatefinance.co.uk

Brexit results in more overseas buyers

ARRANGE CALL BACK

Leave this field blank
*  =  Required field

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

© Private Finance Limited, 2017. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.93 stars by Reviews.co.uk based on 334 merchant reviews

4.93 / 5 Rating
334 Reviews
Simon Kelly is very helpful and ably supported by the supremely efficient Chloe. Communication from both is first class.
Found a good re-mortgage deal with our existing provider reducing our monthly payments. Tim was helpful and friendly in responding to my questions. However, I did have to provide the correct Mortgage offer back to Tim, as he did not have the right one on the system. I also found the number of follow ups to provide this feedback was totally excessive and has become annoying.
Luke Blair goes over and beyond in finding solutions to my mortgages. He is always informative, readily available to discuss issues and efficient throughout the entire process.
The British Mortgage Awards 2015 back to top