Cities like manchester and liverpool They are usually the most preferred by investors. And this is because Liverpool is not only the city of The Beatles, it is also a great tourist, business and business attraction. It is a historic city that is dynamic, but also modern. It is one of the favorites of young people from all over the world who choose it to study and then choose to stay and work.
Liverpool It is also a city that offers an affordable quality of life, jobs, many benefits for companies establishing themselves in the area, a center for prestigious universities, geographical beauty and excellent connections to the rest of the United Kingdom. That in general, but with regard to Real Estate, to all the attributes that trigger this demand is added that it belongs to one of the most solid economies in the world and one of the highest average returns on investment by the amount of access to housing for all classes , in addition to the possibility of mortgage loans for foreigners.
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Invest in property in great Britain It is also of great interest to the Argentine public at this time. The low profitability and in pesos earned by each landlord living on rent in the framework of historical inflation, prompts real estate investors to look for alternatives in which to capitalize and generate returns on their capital. This is why local investors are increasingly turning to this type of investment overseas. Even in the case of the UK, this is very simple and requires no travel or having a local account, much less being a resident.
ANSWER THAT ALL WANT TO KNOW
Can I buy property in the UK as a foreigner?
Yes, you can acquire property personally, or also on behalf of a company, whether local (based in the UK) or foreign (based in another country).
What is the property buying process like?
Once a property is selected, the following actions are triggered:
- The reservation is signed and the reservation is transferred to the UK, the amount varies depending on the property, usually between £2,500 and £5,000.
- A copy of the reservation is sent, along with a scanned copy of your passport and proof of address via email to the Lawyer (real estate law firm) representing you.
- Documentation authorizing a Lawyer to represent you and a signed identification form.
- Skype video conferencing is approved to validate your identity with a real passport and proof of address in hand. Alternatively, a copy of the passport and proof of address is certified in the presence of a notary.
- The purchase contract is signed, and the original is sent to the Lawyer by international mail service. % of the agreed money is transferred according to the stage of development or property to be acquired to the attorney’s custody account.
- Once the Lawyer receives the funds and documentation, usually, within 48 hours, the contract is executed.
Do I pay taxes on my property or rent in the UK?And where do I get the money from?
Yes, foreigners are taxed in the UK. What is paid in the UK can be calculated in the country of residence of a person. In almost all cases, foreigners have a minimum non-taxable income of £12,500 per year, which will not be taxed, only the excess will be paid at a rate of 20%, up to the next scale. Rental payments are accepted in any bank account. Often these payments are made every three months.
Who manages my property and Who helps us in managing purchases?
In all the properties we sell, comprehensive administration is proposed by a dedicated company located in the same place, for the greater convenience of clients. In fact, in many cases, rental guarantees are offered for a certain period of time. Throughout the operations before and after the sale, the client is assisted by an advisor who accompanies him throughout the process.
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