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☛ EN Advice Buying Property in the UK
    

Discussie in 'United Kingdom' gestart door texkourgan, 24 jun 2013.

  1. texkourgan

    texkourgan Addicted member
    Networker Editor

    Lid geworden:
    29 jan 2008
    Berichten:
    7.051
    Leuk Bevonden:
    17
    Geslacht:
    Vrouw
    Stad:
    Berlin
    Land:
    Duitsland
    Nationaliteit:
    Amerikaans (US)
    Taal:
    English, a little Deutsch
    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, 24 jun 2013
  2. james_harrison

    james_harrison Member

    Lid geworden:
    16 jul 2013
    Berichten:
    10
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    0
    Geslacht:
    Man
    Land:
    Verenigd Koninkrijk
    Nationaliteit:
    Brits (GB)
    Taal:
    English
    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, 23 jul 2013
  3. JSmith

    JSmith Member

    Lid geworden:
    25 apr 2013
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    Land:
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    Nationaliteit:
    Brits (GB)
    Taal:
    English
    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, 26 jul 2013
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