Peculiarities of buying real estate for foreign citizens
Buying real estate in the UK is available even for those who are not residents. However, the process can be complicated due to many legal nuances.
Foreign buyers face a number of taxes: stamp duty (Stamp Duty), capital gains tax and property tax for non-resident owners.
It is important to consider the mandatory due diligence - a legal review of the property carried out by your solicitor.
Financing the purchase through a mortgage is available, but banks require higher down payments (up to 40%). For investors, it is important to consider not only the cost of purchase, but also possible rental income.
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