{"id":13727,"date":"2022-09-13T14:28:27","date_gmt":"2022-09-13T06:28:27","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-sg\/why-now-is-a-great-time-to-invest-in-the-uk-as-a-us-citizen"},"modified":"2023-09-15T12:58:10","modified_gmt":"2023-09-15T04:58:10","slug":"why-now-is-a-great-time-to-invest-in-the-uk-as-a-us-citizen","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/sg\/blog\/why-now-is-a-great-time-to-invest-in-the-uk-as-a-us-citizen","title":{"rendered":"Why now is a great time to invest in the UK as a US citizen"},"content":{"rendered":"

The UK property market is one of the most popular destinations for US investors. It comes as no surprise London continues to lead the world as the top choice for foreign investment in financial services, professional services and of course property. Check out our\u00a0<\/span><\/a><\/span>UK Mortgages For US Citizens page here<\/span><\/a>.<\/span><\/p>\n

The rising cost of living, currency fluctuation, inflated house prices and political divisions are the main factors that led Americans to drive across the Atlantic. More recently, on Wednesday 7th September the pound fell to its lowest level against the dollar since 1985, meaning in real terms UK property is cheaper for Americans.<\/span><\/p>\n

Retirees and the wealthy are traditionally the prime American real estate buyers in the United Kingdom. However, the UK has recently become much more attractive to a broader range of people, including younger entrepreneurs and professionals.<\/span><\/p>\n

For US investors looking<\/span><\/a> for an overseas second home or investment property, there are several critical differences in how the finance and buying systems work in the UK that should be considered.<\/span><\/p>\n

This blog will give you a good understanding of these differences and some of the growth the UK property sector has seen in recent years.<\/span><\/p>\n

The process of borrowing in the UK<\/strong><\/span><\/p>\n

Following 2020\u2019s Pandemic, although the worldwide markets were feeling doubtful and arguably nervous, the UK property market saw a boom to rival that of 1987 and 2007.<\/span><\/p>\n

Historically, UK property finance is more affordable than that in the US, add the excellent exchange rates and you can see why Americans are attracted to the UK. The London market welcomes US citizen buyers from jurisdictions deemed to be low risk.<\/span><\/p>\n

The UK legal system is different from the US. The diligence checks occur before entering into a binding contract and completing the sale. In order to qualify for a mortgage in the UK, you will need to provide:<\/span><\/p>\n