Today, Lan Shajun is here to share some basic policies on home buying in the UK with domestic buyers who are interested in buying real estate in the UK.There is a lot of useful information, remember to save it.
1. The relationship between UK house buying, immigration and studying abroad
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（1）Buy UK property itself does not directly enable a foreigner to obtain UK immigration status.The UK has specific immigration rules and procedures, and buying a home is not a direct route to permanent residence or British citizenship.
In the UK, foreigners can immigrate through a variety of channels, including work visas, Student visa, investment immigration, family reunification, etc.Each immigration route has its own requirements and conditions and is subject to regulations set by UK Visas and Immigration.
Purchasing a property may have a certain impact on your immigration application under certain circumstances. For example, it can be used as part of the investment when applying for investment immigration.However, purchasing a house itself does not directly qualify for immigration.
Currently, there are the following categories for Chinese people to apply for a British Green Card # {65}
Tier 1 Visa: investment immigration, targeting high-net-worth individuals to immigrate to the UK;
Tier 2 Visa: The most important job �Visa type, for applicants with a guaranteed company (long-term);
Other visa channels that are not under the points-based system.
(2 ) Foreigners buying property in the UK will not directly qualify them to attend nearby schools for free.In the UK, school admissions policies are often related to a student's residence status and visa type, rather than property ownership.
For public schools, a student's residential address is usually used to determine whether they are eligible to attend the school and whether they need to pay tuition.Buying a property as a foreigner does not automatically entitle you to attend local public schools.Schools usually require students to provide legal proof of residence, such as a visa or residence permit.
For private schools, students typically pay tuition regardless of their address or property ownership .Private schools have their own admissions policies and tuition structures, and the criteria for deciding which students to admit may differ from public schools.
2. British residential types and property rights
#{52 }The residential types in the UK are apartments and villas. The two most common property rights are" Freehold Freehold”and” Leasehold#{ 71}Leasehold”.
Some villas and a very small number of apartments have freehold rights Freehold can be understood as the buyer will permanently own the purchased property and the land occupied by the property.According to the nature of the land, most of the new apartments are 150 year, 250 year or 999 #{ The property rights vary from 8} to 3 years, and the contract can be renewed with the landowner upon expiration
# {17}In most cases, the land leasehold property rights that can be renewed are not much different from the permanent property rights. For example, in London, it can be renewed for 3000-5000 pounds#{22 } 70 years of property rights
3. Conditions for buying property in the UK
There are no restrictions on foreigners buying property in the UK. They must be over the age of# {42} Anyone aged 18 can purchase real estate in the UK. No proof of citizenship or permanent residence is required, and no property tax is required. The laws and policies are basically the same as those for locals. Overseas buyers will be taxed more than local buyers. 4. Advantages of buying property in the UK # {63} （1) The property rights have long term: most of them have more than two hundred years or even permanent property rights;# { 70} （2) Sterling assets: As one of the world’s major currencies in circulation, the pound is currently against the RMB The exchange rate is at a relatively low historical level; (3) Legal improvements: UK real estate laws Sound regulations can protect the interests of buyers and sellers; (4) Tight supply and demand: UK It attracts an influx of people from all over the world. In addition, the UK itself is relatively small and has limited new land resources for development. It is also cumbersome to regulate land through national administrative means. The long-term effects of real estate in the UK With supply exceeding demand; (5) The quality of British house construction is high: Britain is famous for its Known for high quality construction and property market.Homebuyers can choose from a variety of property types, including historic homes, modern apartments and luxury villas. （6) Mercantilism: Overseas buyers who invest in British real estate come from different countries in the world or The region has diversified characteristics and is not dependent on a single overseas country or region, and has strong risk resistance capabilities. (7) Education and medical resources: The UK has world-class education and medical resources.Home buyers can get high-quality education and medical services, especially in some well-known cities and regions. 5. British real estate related websites (1) British government official website house price data: https://landregistry.data.gov.uk
(3) rightmove rental Data: https://www.rightmove.co.uk/property-to-rent.html
(4) School rating website: https://www. compare-school-performance.service.gov.uk
(5) Office for National Statistics (ONS): https://www.ons.gov.uk#{ 54}
(6) Crime rate inquiry in various regions of the UK: https://www.police.uk/pu/your-area/
#{ 60} (7) House tax band (council tax)) query: https://www.gov.uk/council-tax-bands
If you are interested in British real estate and want to know more about the sale, rental, management, and sale of new/second-hand houses in the UK, For tax and other issues, please feel free to consult the professional consultants of Lansha Real Estate UK to obtain professional consulting services.
