To Buy or Not to Buy – The American Magazine
The benefits and pitfalls of holding a mortgage as a US person living in the UK, explained by Andrea Solana
As an American living in the UK, almost nothing related to your financial affairs is easy. The consequences of seemingly simple decisions – such as how to pay for a new home or purchase a mutual fund – may create unnecessary tax charges and complexities. There are a number of keymilestones that occur, from the time you arrive in the UK to the time you potentially approach and eventually reach retirement. Many of these changes will impact the appropriate wealth management strategies for American expats. Understanding how rules will change for you over time will allow you to plan ahead and make prudent financial decisions. In this edition we will explore some of the benefits and potential drawbacks of holding a mortgage as a US person in the UK.
Click here to see the article written by Andrea Solana.