Expat Mortgages with Premier Expat Mortgages

CENTRAL DISTRICT, Hong Kong - Aug. 30, 2013 - PRLog -- UK Mortgages For Overseas Expatriates

The chances are that needing a mortgage or refinancing after you have moved offshore won’t have crossed your mind until it’s the last minute and the facility needs replacing. Time after time I hear from clients and people based abroad they need to refinance or change to a lower rate. Expats based offshore also become a little bit more ambitious as the new circle of friends they mix with are busy building up property portfolios and they find they now want to start releasing equity form their existing property or properties to expand on their portfolios. At one point in time there was good old Lloyds Bank that provided mortgages for clients based pretty much anywhere buying any property worldwide. Since the 2007 banking crash and the inevitable UK taxpayer takeover of most of Lloyds and RBS International now known as NatWest International (To hide the RBS link) these mortgages have disappeared at a vast rate or totally with people now struggling to find a mortgage to replace their existing facility.

Since the catastrophic UK and European demise not just in the property sectors and the employment sectors but also in the major financial sectors there are banks in Asia that are well capitalised and have the resources to take over from where the western banks have pulled out from the major mortgage market to emerge as major players. These banks have for a long while had stops in place to halt major events that may affect their property markets by introducing controls at some points to slow down the growth that has spread from the major cities such as Beijing and Shanghai and also other hubs such as Singapore and Kuala Lumpur.

Premier Expat Mortgages is based in the world’s most financially free market in the world which is Hong Kong. Tax rates are low and free trade is actively encouraged under the one country and two systems of Hong Kong policy. We continually liaise with all available banks to continue to source the most competitive mortgages available to clients. It’s not unheard of to have a bank come to market that offers a tranche of funds at 75% lending and with rates as low of 3.5%.

These lenders are of course favouring the growing property giant in the UK which is the big smoke called London. With growth in some areas in the last 12 months alone at up to 8.6% is it any wonder why Asian lenders are releasing their monies to the UK property market.

Get in touch with Premier Expat Mortgages and let us see if we can secure a better rate or even help you release funds to expand your property empire. If we can’t help you immediately we can only offer you good impartial advice which will set you up with a better knowledge of the mortgage market.

Premier Expat Mortgages

Email:info@premierexpatmortgages.com

www.premierexpatmortgages.com

Ged Ward

Mortgage House, St Stephens Lane, Mid Levels, Hong Kong, S.A.R