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A great way to combat rising mortgage rates is for UK expat and foreign national investors to make overpayments on their mortgage. In the last three months of 2022, UK homeowners made record overpayments on their mortgages – £6.7 billion. This is likely as a result of homeowners’ fears about rising mortgage rates.
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The housing market is changing once again. As instructions increase, it seems like 2022 will be the ‘summer of sales’, a change that can only benefit UK expat and foreign nationals who will profit from the increased choice while looking to invest in UK property. ‘Summer of Sales’ Begins to Bite. Much of the discussion…