WEAK POUND ATTRACTS FOREIGN BUYERS TO THE UK

As UK house prices fall by over 20% and the Pound crashes to record lows against the Euro, UK-based estate agents are reporting rising numbers of international buyers snapping up bargain properties, particularly in London.      “European buyers, especially Italians, are piling in to London’s property market and supporting prices locally,” said Peter Rollings, MD of estate agency Marsh & Parsons. “As far as they’re concerned, there’s never been a better time to buy. While the British economy is faltering, the Euro is getting stronger – and this is the result. This week we’ve seen two Italian couples competing … Continue reading WEAK POUND ATTRACTS FOREIGN BUYERS TO THE UK

DEMAND GROWS FOR REMORTGAGING SERVICES

As the strength of the Pound falls against the Euro and economic conditions worsen in the UK and Ireland, more products are being released to facilitate the repatriation of funds from an overseas property back to the respective countries.  Zero per cent introductory margins, the first 100% LTV mortgage products, improved interest only terms and Euro mortgages that track the traditionally lower Libor CHF index, are just some of the examples of the new products available.  “We are seeing a significant increase in the number of clients who are looking at the refinancing options available in many overseas markets so … Continue reading DEMAND GROWS FOR REMORTGAGING SERVICES