A major national bank is reporting that ever increasing numbers of British expats are purchasing UK properties as future investments.
The bank recently sent out questionnaires to expats living in France, Switzerland and the U.A.E. Information received back stated that from the 25.8% of those looking to purchase UK properties, 38% of them view it as the source of future income when renting them out.
Only 11% showed any concerns over the state of UK housing market growth.
Director of International Banking, Richard Musty, said: ‘Confidence in the UK property market is very strong. Our Investor Sentiment Index showed that consumer sentiment for UK property had grown by 50% since March 2013, so it's not a surprise that Brits abroad are looking back home.
‘UK property prices are strengthening and British expats don't want to miss out on this investment opportunity. Our research shows that huge numbers of expats are now ready to take the plunge as they look to benefit from high rents and a relatively weak pound.’
Immigration Act revised 2016 should a landlord or letting agent fail to ensure ALL tenants/occupiers have a righto reside for the duration of the tenancy then they may be fined £3000 for each breach. The Secretary of State may instruct the landlord to remove such persons without the need of a court order by way of reasonable force
Labour market enforcement - restriction on illegal migrants to work. A labour market enforcement undertaking (an “LME undertaking”) is an undertaking by the person giving it (the “subject”) to comply with any prohibitions, restrictions and requirements set out in the undertaking
Under section 42 of the County Courts Act 1984 it is possible for the Court to transfer a matter from the County Court to the High Court for enforcement but leave (permission) of the Court is required first. The transfer time varies from court to court and can take up to 28 days, but normally takes far less. An application to seek permission can be made either at the time of making the possession claim or after possession has been ordered.