Yes! Unlike some countries that impose limitations on international investors buying properties, there are no restrictions for them purchasing UK real estate. You do not have to be a UK resident to buy a property in the UK.
The buying process is very efficient. A solicitor will be appointed to represent you through the transaction. They will need a certified copy of your passport, proof of address and your proof of funds, which is usually your bank statements or salary certificate to show the source of your savings. International investors will also able to finance their purchase through a mortgage. It is not necessary to have a UK bank account as rental payments can be made into any account you own in the world.
Yes, as long as you are eligible. There is a large list of both international and UK lenders who lend to international investors . We are happy to introduce you to our mortgage partners who will work closely with you.
The amounts you need to pay will depend on the value of the property, however generally Stamp Duty is payable on completion of the purchase and is a figure calculated on a tier basis. Conveyancing fees for the lawyer is generally between £1000-5000 for a 1,2 or 3 bed property but again are based on the value of the property.
The solicitor and mortgage broker (in the case of a financed property) would be able to provide the detailed breakdown of the actual purchasing costs.
Please contact us for assistance on purchasing a property in the UK.