In this section we answer the most frequent questions we receive about investments in the United Kingdom. The simple processes this country offers the investor, makes it the number one destination for international investments in Europe.
Yes. You can buy a property under your personal name, or also underthe name of a company, whether it is local (based in the United Kingdom) or abroad (based in any other country).
Yes. We will assist you in the formation and incorporation of a new company in different jurisdictions. Including the United States.
Once the property is selected, the following acts are triggered:
Yes. Foreigners are taxed in the UK. What is paid in the United Kingdom can be taken towards your taxes in the country of residence. In almost all cases, foreigners have personal allowance of £ 12,500 per year which is not taxed, the amount above that threshold will pay income tax at a rate of 20%, until the next bracket.
You can receive the rental payments in any bank account. Usually paid quarterly.
Once completed, the unit can be sold.
In all the projects we offer,property management is included. In many cases, an income guarantee is offered for a certain period.
The rental guarantee is based on real numbers of rental returns, that is, a net income is guaranteed based on the market rental prices, less all expenses associated with administration, service charge, property taxes, etc. Once this guarantee period has ended, you will continue to receive the property’s live income.
The costs varies according to the type of property. In general, non-residential apartments have a low acquisition cost, which are the fees of the law firm and those of the property title. They are usually between £ 860 and £ 1,200.
In residential properties, to the previously described costs, you must add the stamp duty land tax. This tax varies according to the property price andit starts at 3%. Student accommodation and hotels up to £ 150,000 per unit are exempt.The amount above that threshold pays 2%, until the next bracket.
Yes. Foreigners can residential property with a mortgage. Banks can lend up to 75% of the unit’s value.
We assist you inthe purchase process, completing the documentation, sending emails, and speaking with all parties. We will also assist you after the purchase is completed.
NHBC is the UK’s leading new property insurance company that ensures that buildings are built to the highest standards. Many of our developments offer a 10 year construction warranty.