We answer a question ‘As a foreign investor, can I buy a flat?’
As a foreign investor, can I buy a flat? Yes, you can buy a property in the UK if you are a foreign investor. However, it is easier if you are a cash buyer. This means you do not need to apply for a mortgage or additional borrowing. This is because it may be difficult to apply for such a mortgage. If you are looking to buy a property, it is important that you have a full understanding of the UK property market, the potential tax implications and you have access to the money. In certain circumstances you will be required to provide proof of where the money originates from. It is also worth noting that it is not yet clear how the UK leaving the EU will affect overseas buyers of UK property, or house prices overall therefore this is also worth considering.
If you are thinking of buying property in the UK, please give our sales team at Greater London Properties a call and they can take you through the process in more detail and provide more information on where you will receive a good return for your investment.
For more information on how to get a mortgage in the UK please take a look at our FAQ section.
We hope this answers your question ‘As a foreign investor, can I buy a flat?’. If you are looking to buy a property in Central London, please visit Greater London Properties, Central London’s largest independent estate agent or call us on 0207 113 1066.