Connect Overseas launches new flexible mortgage deals
As figures show Italy attracting over 30% of its overseas buyers from the UK, Connect Overseas has launched a new range of mortgages for intermediaries.
With clients looking to buy property in Italy in association with BNP Paribas International Buyers.
Highlights include:
- Interest rates from 3.25% variable rate with a 4.05% fixed rate option.
- Lending available up to 80% of the property's purchase price.
- Loans that start from 250,000 Euros.
- 7 to 25 year mortgage terms available.
- No Early Repayment Charge on specific products.
- Fixed rate switch option available.
- Payment holidays available after year 1.
According to Managing Director Liz Syms the new mortgages are priced well and include the kind of flexibility which will appeal to UK investors.
She said:
“We are delighted to be offering these new mortgages which are now on our Connect Overseas Pro website, where intermediaries can access all the product information necessary to source, quote and advise clients.
"What is great about this range of products are the elements of flexibility available and the ability to opt to have no ERCs on certain products as well as a fixed rate switch option.
Bernadette Byrne the Mortgage Business Developer for BNP Paribas International Buyers said:
“We are very pleased to have Connect Overseas as one of our partners marketing these products to their intermediary clients.
"We estimate the market for UK buyers will be worth potentially up to € 615 million in 2013 and our product range reflects the confidence we have in the Italian market which has proved to have been resilient in the face of the financial crisis.”
Highlights include:
- Interest rates from 3.25% variable rate with a 4.05% fixed rate option.
- Lending available up to 80% of the property's purchase price.
- Loans that start from 250,000 Euros.
- 7 to 25 year mortgage terms available.
- No Early Repayment Charge on specific products.
- Fixed rate switch option available.
- Payment holidays available after year 1.
According to Managing Director Liz Syms the new mortgages are priced well and include the kind of flexibility which will appeal to UK investors.
She said:
“We are delighted to be offering these new mortgages which are now on our Connect Overseas Pro website, where intermediaries can access all the product information necessary to source, quote and advise clients.
"What is great about this range of products are the elements of flexibility available and the ability to opt to have no ERCs on certain products as well as a fixed rate switch option.
Bernadette Byrne the Mortgage Business Developer for BNP Paribas International Buyers said:
“We are very pleased to have Connect Overseas as one of our partners marketing these products to their intermediary clients.
"We estimate the market for UK buyers will be worth potentially up to € 615 million in 2013 and our product range reflects the confidence we have in the Italian market which has proved to have been resilient in the face of the financial crisis.”
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