Foreign property mortgages providing lucrative sideline as Eurozone suffers

Connect Overseas launched its online foreign mortgage sourcing facility for brokers earlier this year and has continued to expand the free marketing resources available to intermediaries.

According to Liz Syms, Managing Director at Connect Overseas, buyers from the UK are particularly active.

She said:

“Although the UK domestic market is flat, we are seeing plenty of evidence that UK buyers are moving to snap up bargains in Europe as the effect of the Eurozone debt crisis affects property prices.

"We have introducers who are increasing their business in conjunction with our specialist assistance and establishing themselves with a lucrative sideline.”

She added:

“Every mortgage broker should be considering this market. With access to the right help, advisers can add an important new facet to the services they offer clients.

"There is plenty of business out there and it is matched by the growing number of mortgage options from foreign and domestic lenders. Potential UK buyers of foreign property really need help to make sure they are getting the right deal.”