- Getting a UK mortgage is actually easier when you are still in Hong Kong – via the ‘buy-to-let’ route
- Buyers seeking a mortgage loan after landing in the UK will have to rebuild income proof, credit history from scratch in their applications
Paying cash for your UK home? Beware of some unintended consequences【星之谷專欄-南華早報】
• Buying UK property in cash may lead to unintended consequences down the road, including sell-on, refinancing and tax implications
• Cash-based purchases, when refinanced, will be capped at 75 per cent of the home prices with restrictions on uses of funds
Planning to apply for a UK mortgage? Watch your spending and choose property wisely【星之谷專欄-南華早報】
You can apply for a UK mortgage directly from a Hong Kong bank, but only for properties in London’s zones 1 and 2. As most Hongkongers purchase UK property for buy-to-let purposes, applying for a buy-to-let mortgage is an alternative route.