Conti is providing support in the shape of a sales toolkit to help ARs develop their business in this area, with very limited outlay from their own business, as well as an online application process and case tracking facility.
Chris Tanner, managing director of HLP, says: “For HLP, the primary aim as we broaden our panel of product and service providers is to only work with the best in their fields. Conti has a track record in the overseas finance market that is second to none. The facilities they are providing will be welcomed by our member firms and I am sure this will become a growth area for them with the help of Conti.”
Clare Nessling, operations director at Conti, says: “We’re delighted to become HLP’s preferred partner for overseas mortgages. An increasing number of intermediaries are now tapping into this market and considering it seriously as a source of additional income, and I’ve no doubt that their ARs can benefit from the expertise we have in this area.
“Despite the turbulence unleashed on the UK mortgage market by the global banking crisis, overseas mortgage providers have a healthy appetite for lending to foreign investors. And a combination of falling property prices and historically low interest rates are making overseas property much more affordable, despite the weak pound.
“There may never be a better time for intermediaries to get involved.”