Real Estate Investor Magazine February 2023 | Page 104

UNITED KINGDOM

Now is the time to invest in UK property as a South African :

the buying process explained

How is it possible and how best can I make a good return ?

By Editorial

2023 kicked off to a good start for the UK property investor market with the news that interest rates were coming down . The Financial Times reported that TSB and other UK lenders had dropped their mortgage rates as confidence grew in the market and UK lenders fought for home loan customers , but in comparison to this time last year they remain high .

A year ago , an average 2-year fixed rate buy-to-let mortgage was 2.9 % and now it is around 6 %, which explains why there is some negative outlook regarding the UK property sector .
104 FEB 2023 SA Real Estate Investor Magazine