Pink says the tie-up will allow it to offer brokers access to hundreds of competitive mortgage deals to buy overseas residential property. The arrangement will see Pink refer brokers to Conti for overseas business.
Conti offers packaging services for loans secured against overseas residential properties and has a presence in around 35 countries.
David Copland, acting managing director at Pink, says: “The overseas sector has seen a surge of activity over the past decade. A recent Pink survey showed that six out of 10 brokers expect their overseas mortgage business volumes to increase during the next 12 months.
“Pink aims to offer customers business solutions that enhance the service they offer to their clients. That is why we have decided to work with Conti, which has the knowledge and experience that is required in this market.”
Pink already has an introducer relationship for overseas mortgages with Savills Private Finance, so the two companies could find themselves competing for business.
But Mike Boles, director at Savills, says that while the arrangement may result in an element of crossover, he welcomes the competition.
He adds: “We have been taking enquiries where we can’t help, so we will be happy to refer these clients to Conti.”
Simon Conn, managing director of Conti, says: “The overseas market has opened up and buyers can choose from a wider range of investment opportunities than ever.”