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Benefits of owning a home in the UK to a none resident but regular visitor

by Ipaliboh2004640 from , California. Nov 20th 2013 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

There are tradeoffs and expenses to consider. If you own the home, you pay for it all year, even if it is vacant. You need to insure it against loss (fire, theft, etc) you provide all of the upkeep and maintenance. The question is if you are willing to incur these costs of ownership in exchange for always having a place of your own to stay in. The other option of course is to continue renting when you are there. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Nov 20th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Not sure you'll get anyone on this site who will be able to address benefits of purchase in the UK - but I'll be curious to see if someone does!

Nov 20th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Possible benefits;appreciation, return on investmenttax benefits: depreciation (if rented), mortgage interest deductionguaranteed availability

Nov 20th 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There's probably more to your question that we're not seeing, but I think Bert summed it up perfectly based on the limited context to your question.. "There are tradeoffs and expenses to consider. If you own the home, you pay for it all year, even if it is vacant. You need to insure it against loss (fire, theft, etc) you provide all of the upkeep and maintenance. The question is if you are willing to incur these costs of ownership in exchange for always having a place of your own to stay in. The other option of course is to continue renting when you are there" I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Nov 20th 2013
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