International mortgages could help struggling expats

Mon, 12 Sep 2011
International mortgages could be one way in which would-be UK expatriates looking to move abroad are able to help ensure financial ability.

The Daily Telegraph reports that a number of those heading overseas have been finding times difficult because of intensifying financial regulations and low interest rates.

According to the newspaper, these conditions mean expatriate savers are seeing a reduction in the number of places they can put their money, with six brands disappearing from the offshore market in the last year alone.

One reason for this could be the demand from the Financial Services Authority that the owner of a subsidiary based abroad should be home to the same amount of liquid assets as it is to deposits regarding offshore operations.

Jim Coupe, managing director at Skipton International - a subsidiary of Skipton Building Society - said: "UK expatriates around the world have seen their savings choices eroded over the past few years as many high profile deposit takes have left the market."
 
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