Mortgage Next, a network and distribution club, has joined forces with International Property Sales to expand its service offerings into the overseas property arena, offering overseas property mortgages of up 80% as well as selling properties to its clients from a worldwide property portfolio.
Lee Connolly, director of IPS, says: “This is a great opportunity for mortgage advisors to get involved in a new income stream. Many customers dream about having their own place in the sun, and raising finance has never been so easy. We are offering sustainable commissions which are exclusive to Mortgage Next and IPS Ltd.”
Justine Tomlinson, marketing director of Mortgage Next, says: “There is such a huge demand for overseas property that we agreed to the collaboration with IPS as it has such an extensive property portfolio, which will certainly help our advisers offer something for everyone, targeting retirees, those looking for a second home abroad for rental income as well as those looking for a pure investment. Facilities are available on many properties worldwide, for example up to 80% in Spain, plus self-cert mortgages in some countries.”