View more on these topics

Start courting overseas buyers

With the sun making a brief appearance lately, many people’s thoughts will be turning to what the Easter break has in store for them.

Will it mean jetting off for a quick escape from the rat race or will it be time well spent at home doing gardening or DIY?

Either way, I am sure the main hope will be for sunshine.

Sterling is now at near parity with the Euro, and as I write, a pound will buy you less than $1.50 USD.

While that’s not great news for Easter holidaymakers travelling to sunnier climes, for those who live abroad or have an income stream in a foreign currency, the UK is becoming more and more of an attractive investment.

The weakened pound, coupled with historically low interest rates and reduced house prices are ideal conditions for foreign buyers, or ex-pats with liquidity, to own a piece of this green and pleasant land.

Estate agents have reported a big rise in interest from European and Middle Eastern investors.

So for brokers who have clients with an offshore affiliation, now might be the time to encourage them to think about buying property in the UK.

Bank of Scotland International is a lender that should be considered if brokers have clients in this position as offshore mortgages and foreign currency mortgages have a number of potential tax benefits.

For brokers, this could prove valuable additional revenue.


Guard against buy-to-let novices

Brokers looking for light at the end of the tunnel would have been encouraged to see that some experts are now calling the end of the property downturn.


News and expert analysis straight to your inbox

Sign up