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Can I buy a house in UK with skilled worker visa?

Tier 2 Visa Mortgages Ultimate Guide. Can I buy a house in UK with skilled worker visa?

Buying a House in the UK with a Skilled Worker Visa: What You Need to Know

Legal Aspects of Buying a House in the UK

If you are a skilled worker in the UK, you may be wondering if you can buy a house in the country. The good news is that there are no limitations to buy a property for residential or buy-to-let purposes for foreigners living and working in the UK under a skilled worker visa. However, it is important to understand the legal aspects of buying a house in the UK before making any decisions.

Property Ownership Laws

Property ownership laws in the UK are straightforward. You can own a property as an individual, a group of people, or a company. However, if you are a non-UK resident, you may be subject to additional taxes, such as the Non-Resident Landlord Scheme.

It is important to note that if you are buying a leasehold property, you will not own the land on which the property is built. Instead, you will own the property for a fixed period of time, usually between 99 and 999 years. You will also be required to pay ground rent and service charges to the freeholder.

Conveyancing Process

The conveyancing process in the UK is the legal process of transferring ownership of a property from the seller to the buyer. It is important to hire a solicitor or a licensed conveyancer to carry out the process on your behalf.

The conveyancing process involves several stages, including:

  • Pre-contract stage: This involves the preparation of the contract and the gathering of information about the property.
  • Exchange of contracts: This is when the buyer and the seller agree to the terms of the contract and exchange signed copies.
  • Completion: This is when the buyer pays the purchase price and takes possession of the property.

During the conveyancing process, your solicitor or conveyancer will carry out several checks, such as local authority searches, to ensure that there are no issues with the property.

In conclusion, buying a house in the UK as a skilled worker is possible, but it is important to understand the legal aspects of property ownership and the conveyancing process. Hiring a solicitor or a licensed conveyancer can help ensure that the process runs smoothly and that you are aware of any potential issues.

Impact of Brexit on Property Purchase

If you are a skilled worker living in the UK on a tier 2 visa and are considering purchasing a property in the UK, you may be wondering how Brexit will impact your ability to do so.

Brexit has brought about some changes to the process of purchasing a property in the UK. Firstly, EU citizens no longer have the automatic right to live and work in the UK, and therefore may need to apply for a visa in order to do so. This may impact the number of potential buyers in the UK property market.

Additionally, the end of the transition period on 1 January 2021 meant that the status of UK residents looking to live or purchase a residential property in the European Union (EU) changed. This may have an impact on UK citizens looking to purchase a property in the EU.

However, as a skilled worker living in the UK on a tier 2 visa, you are still able to purchase a property in the UK. According to Better.co.uk, “you can still buy a property in the UK even if you’re not a UK citizen or are living and working abroad. This includes if you are: an EU citizen, a non-EU citizen living and working abroad as an expat, a skilled worker living in the UK on a tier 2 visa.”

It is important to note that the process of purchasing a property in the UK may be more complex for non-UK citizens. For example, you may need to provide additional documentation to prove your identity and residency status, and may need to apply for a mortgage with a specialist lender.

In summary, while Brexit has brought about some changes to the process of purchasing a property in the UK, skilled workers living in the UK on a tier 2 visa are still able to purchase a property in the UK. However, it is important to be aware of the potential complexities involved in the process.

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