Are you headed to the UK? Let’s explore how an American goes about buying property across the pond. The rules are the same for London, and your interests may lie in other (cheaper) parts of the kingdom.
Unlike property in Bermuda, foreigners are able to buy any property in the U.K. However, buyers seeking a mortgage from a local bank may be in for a shock as expats are sometimes asked for a 40 percent down payment.
Like many, many other countries, the U.K. has no centralized MLS-like vehicle to aggregate all available property into a single place. Also, many property brokerages are very specific to an area.
Find out more about how to make your move on SecondShelters.com.
