According to research by accountancy UHY Hacker Young based on analysis of data from HM Revenue & Customs, around 2 million foreign investors now own UK property.
Climbing from 1.46 million recorded in 2006, the number of overseas landlords has increased by 39%.
With an increasing amount of overseas investors purchasing property in the UK, Experience Invest has rounded-up its best tips to help guide overseas investors thinking of buying investment property.
Whether you’re based in Asia, the Middle East or America, it is easy to purchase investment property in the UK through Experience Invest.
Top tips for overseas investors buying UK property with Experience Invest…
Skype is available free online and is available in most countries across the world. Most of the Solicitors recommended by Experience Invest use Skype as a means of communication therefore downloading this free software will help ease the purchase process.
Solicitors are required by law to check the identity of buyers. Therefore organising your Anti-Money Laundering Documents as soon as possible will ease the process.
- Photographic ID such as a passport, driving licence, national identity card or resident’s permit
- Proof of address such as a recent utility bill, recent bank statement or driving licence
Questions about documentation
It’s only natural for investors to have questions about Contracts and documentation when purchasing a property overseas. If you have queries, raise them all in one main email. Keeping all questions and answers in one email will save you time and will make it easier for you to refer to.
Stay in touch!
You will be assigned your very own Customer Care Manager who will be your point of call at Experience Invest. Simply email or call your appointed Customer Care Manager if you have any questions regarding your purchase.
If your UK property investment is off plan, you will also be sent regular updates and images from the site. Experience Invest will keep you posted with the latest construction news straight from the Developer to ensure that you are kept up-to-date throughout the build of your investment.
For further information about current UK property investments available through Experience Invest, email firstname.lastname@example.org or call +44 (0)207 321 5858.