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☛ EN Advice Buying Property in the UK
    

Discussion in 'United Kingdom' started by texkourgan, Jun 24, 2013.

  1. texkourgan

    texkourgan Addicted member
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    Hello and welcome!

    Buying property abroad can be quite intimidating, even if you have lived in the UK as an expat for years! Some questions you may have…

    Can a foreigner buy property in the UK? If so, is it complicated? What is the process for purchasing property? Is there anything a foreign buyer should be especially aware of?

    Have you been through the process? What advice can you give to other expats in the UK looking to buy - either a home or an investment property? Do you have a check-list or tips you can provide?

    Thanks for sharing! :)
     
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    #1 texkourgan, Jun 24, 2013
  2. james_harrison

    james_harrison Member

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    Yes, UK law doesn't put any restrictions for foreign buyers. The bona fide businesses such as developers, traders and for investors holding buy to let properties, will instead pay a more general 7% rate introduced at the same time for properties over £2 million. Due to money laundering laws in the UK, the solicitor will need to confirm your identity and perform various checks in to the source of the purchase monies before you sign a contract with them to act for you in the purchase of your property.
     
    #2 james_harrison, Jul 23, 2013
  3. JSmith

    JSmith Member

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    I am totally agree with james, UK government does not put any restrictions on buying property in UK. So buying in UK is not so much complicated at all. There are some formalities which you have to fulfill and after this you can buy property easily.
     
    #3 JSmith, Jul 26, 2013
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