Selling my property in the UK when living abroad
If you’ve moved to live abroad and want to sell your house or flat in the UK, it is possible but there are certain crucial factors you must know about the process.
Top questions, with answers, about selling your UK home from abroad
Having worked with many former UK residents to buy their houses and flats after they moved abroad, we know the top questions and answers about managing such sales:
✅ Do I have to come back to the UK to sell my house if I live overseas?
No. In fact, you never have to be physically in the UK at any time from initially seeking buyers through to final completion of the sale. Be sure to get strong legal representation from a conveyancer in the UK who will be able to handle all of the various paperwork for you and send it to you electronically or by courier for you to sign in your country.
✅ Do I need to consider Capital Gains Tax if I sell my UK home when living abroad?
We recommend you seek professional tax advice, however even though you’re no longer considered a UK resident for the purposes of the tax system, you will still be liable to pay Capital Gains Tax on any profit that you make from selling your house or flat in the UK.
✅ Is it quicker to sell my UK house through an estate agent or to a fast buyer?
You’ll typically find it’s much quicker to sell your home through a fast buyer because their speciality is making accelerated cash offers to buy houses and flats. In contrast, selling through an estate agent can take many weeks, or months, or even longer and there’s no guarantee of a definitive final date for when you will secure a buyer.
✅ How much commission will I need to pay when selling my home from overseas?
It depends on which method you decide to use to find a buyer for your leasehold of freehold property, because if you sell through an estate agent or auctioneer then you will need to pay them commission that will be charged on the eventual sale proceeds. But you won’t pay any fees if you sell without any assistance or sell to a quick home buyer like LDN Properties.
✅ What are some of the costs involved with selling a property when living abroad?
There can be many expenses that you might have to pay when you attempt to sell your freehold or leasehold house or flat when you are already living in other countries. You might not face all of these costs, but they can include legal fees, mortgage payments, the price of flights to the country where you now live, income tax, fees associated with currency conversion and more.
✅ Are there any tips for making the sale of my home easier when living abroad?
Yes, there are several steps that you could pursue either whilst still in the UK or once you have moved to another country that may help with streamlining the selling process and reducing your potential stress. These actions can include possibly investing in repair work for any major structural problems, taking time to research conveyancers and calculating your ideal sale price.
✅ How can I get peace of mind when selling my home abroad to a quick buyer?
You can ask quick buyers to prove they are registered with a third-party entity called The Property Ombudsman (TPO), which writes rules to protect homeowners against fraud in the fast buying sector, and all TPO members must commit to following these rules. Don’t sell your home to a company that can’t prove it’s a TPO member because it could possibly be a scam.
Selling your UK home from abroad is quick and easy when you sell to LDN Properties
In the many years that we’ve been in business, we’ve developed plenty of experience working with former UK residents to quickly buy their past homes for competitive cash sums. Talk to our friendly experts about selling your property by calling them at 020 7183 3022. Or you can get in touch by clicking the "Request Offer" button below and we’ll contact you.
We’re rated as Excellent
Reviews.co.uk provide independent reviews from other people just like you!
"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward." – Thomas from London
Company No. 04636129. ICO No. Z7733416. Ombudsman No. D12463.
Copyright 2003 to 2023