There are many different mortgages on the market today spanning a wide range of purposes, but expat mortgages are a field on their own and do require that anyone considering looking at the various expat mortgages take advice from a specialist in this field. There are a number of reasons why you should always look to someone who specialises in the field of expat mortgages as they are not something that you should just go down the high street to the nearest bank to find.
One particular reason for choosing a specialist in this area is the minefield that can be encountered when looking for finance for a buy to let property, a favourite with people who may be living or working abroad. Naturally they want to keep a foothold on the property ladder for when they return to the UK, increase their capital investment and have some income from the property whilst away from the UK.
An example or where a specialist in expat mortgages can help is pointing you in the right direction when it comes to taxation. Whether you are non resident or non-domiciled, but want to buy in the UK property market, you need to bear in mind tax and currency considerations in everything that you do. Similarly, if you intend to let the property in your absence, you will need tax advice about the implications of receiving income which arises in the UK.