Florida Property high on their list of destinations!

42% of Brits are interested in buying abroad according to a new research study by the Bank of Scotland.

Interestingly the Spanish Costa’s didn’t top the poll but English speaking countries like Australia, New Zealand and the US and Canada were front runners!

Currently 4% of the British Population own property abroad (43% of these come from London and the South-East of England)

Figures from GE Home Lending showed that sales of Florida Property to Brits this year has doubled! Due in part to the weakening dollar.

Gerry Bell of GE’s British Mortgages Abroad which provides sterling Mortgages to Brits in the Sunshine state had this to say:

"The Florida market is still performing strongly for UK investors looking for a home abroad. We have seen strong growth in this market through our British Mortgages Abroad products, which are up 100 per cent on the first quarter of 2006, Clearly the US economy is going through change, with a slow down in house price inflation of 6.5 per cent across the country, however, Florida is still performing relatively strongly with house price inflation at 9.5 per cent."

Contact us today and we can look at BMA Sterling mortgage for you!! Now is one of the best times ever to take advantage of a sterling mortgage!

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