In The Money
Home loans with UK bank likely to cost more after latest rate hike
This fortnightly column addresses readers’ queries on investing issues. This week, we look at residential property markets overseas.
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British banks do lend to Singapore buyers, but the Bank of England has hiked its benchmark rate from 1 per cent to 1.25 per cent.
PHOTO: REUTERS
Q: I’m considering buying a property in Britain for investment purposes. My children may also be heading to Britain for further studies in a couple of years’ time. Are there any issues I should take note of?
Financing with British lenders will likely get more expensive after the Bank of England hiked its benchmark rate from 1 per cent to 1.25 per cent just over a week ago.