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Mortgage Next launches overseas property products

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.”


Two mentions in Griffiths’ column is too exciting to bear

From Edward Goldsmith It’s taken me 30 years but I now know the meaning of success. To be mentioned once in an article by Richard Griffiths (Mortgage Strategy October 10) would be exciting enough but to be mentioned twice is too much for a mortal to bear. I will have to go out with a […]

Money Partners products on ENC

Money Partners, the specialist lender, has announced that its premier and origin ranges of first mortgage products are now live and fully incorporated on Trigolds Enhanced Non-Conforming sourcing module.The ENC module allows intermediaries to source sub-prime mortgage products from a wide range of lenders representing over 80% of the specialist lending sector. Trigold users account […]

Government links building control to housing warranty schemes

The government is introducing a new rule linking building control by approved inspectors on new homes with designated housing warranty schemes.The Warranty Link Rule will increase competition and choice in building control across the whole range of regulated building work, whilst providing residential owner-occupiers with appropriate safeguards.Yvette Cooper, housing minister, says: “From today the WLR […]

Older people struggle with mortgage repayments

Worrying evidence has emerged that increasing numbers of older people are struggling to service debt including mortgages, loans and credit cards. Age Concern Enterprises the financial services arm of the UKs charity for older people has warned that at least one in 10 enquirers calling their equity release helpline are cash-strapped home owners. Phil Veale, […]


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