Buying in U.K. when living overseas.

(5 Posts)
thymeandplaice Wed 05-Oct-16 18:08:57

I need someone to point me in the right direction please! We live overseas but would like to buy a house in Scotland for when we visit family. We would be both first time buyers and buying to let (plan to rent it out most of the year as a holiday let).
I really don't know where we stand in terms of getting a mortgage when we earn overseas, how much income we need to show etc etc. By chance is anyone else in a similar situation that can recommend a bank or building society? I really know nothing about mortgages and DH is not from the uk.
I hear there are changes to buy to let taxes, and also wonder how brexit and Scotlands position re that will affect things. Is it a crazy time to buy?!

thymeandplaice Wed 05-Oct-16 18:17:53

I should add that said property may become our permanent home at some point in the future.

JoJoSM2 Sun 09-Oct-16 18:46:22

You need to do your research... holiday lets have a different status to buy to let's and I think you need a special permission. Also, it might be tricky to get a mortgage as that often depends on the anticipated income. In addition, it might be easier to get a mortgage in the country where you actually work.

Abricot1993 Wed 04-Jan-17 12:44:36

Suggest you go onto the forum Lay my hat. This is a forum for people who let their properties as holiday lets. Lots of useful advice. I run a holiday let as I live overseas so it can be done. Send me a message if you have any questions.

Flum Tue 10-Jan-17 22:29:50

Take advice. A probably best to buy the home with an offshore company you own. More tax effective.

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