Buying property in the UK will not help or simplify residence or citizenship applications. The rights, rules and obligations of foreign citizens in the UK, as well as visa and residence permit requirements can be found on the UK Home Office website.
UK taxes are quite high, especially stamp duty and income tax. Foreign buyers should consult a tax advisor before purchasing real estate to simplify the registration process and minimize the tax burden.
Non-residents can obtain mortgage loans in the United Kingdom on practically the same terms as UK citizens. However, not every UK bank provides loans to non-EU residents. One key advantage of UK mortgages is the relatively small down payment (starting from 20% of the property value). Short loan terms are a key disadvantage (up to five years).
The British real estate market is very diverse and while London is overheating but set for good returns, buyers can also find good deals if they head northwards. Foreign citizens buying property in the UK have the same rights as the British and the whole process only takes 4–8 weeks.
Real estate prices in the United Kingdom (UK) vary greatly across regions. In London, its suburbs and South East England, prices per square metre are much higher than the rest of the country. Prices are relatively low in Scotland and North West England.
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