View more on these topics

M-Next expands overseas offering

Mortgage Next has joined forces with International Property Sales to expand its offering in the overseas property arena.

IPS offers mortgages upto 80% LTV, selling properties to clients from a worldwide portfolio.

Lee Connolly, director of IPS, says: “This is a great opportunity for mortgage advisers to get a new income stream. Many clients dream of a place in the sun and raising finance has never been easier. We are offering sustainable commissions, exclusive to Mortgage Next and IPS.”

Justine Tomlinson, marketing director of Mortgage Next, says: “There is such huge demand for overseas property that we agreed to this collaboration with IPS. It has an extensive property portfolio which will help our advisers offer something for everyone, targeting retirees, those looking for second homes abroad for rental income and those looking for a pure investment.

“Facilities are available on many properties worldwide, up to 80% in Spain for example, plus self-cert mortgages in some countries.”

She adds: “The experience and expertise within this joint venture will be invaluable as advisers offer help and guidance through each step of the purchase, from helping find the best location to arranging suitable finance if needed.”

Recommended

Insolvencies rise

The Department of Trade and Industry has published statistics on insolvencies in Q3 2005. There were 3,389 liquidations in England and Wales, an increase of 0.3% on the previous quarter.

Derbyshire set to launch Salt on Monday

The Derbyshire is set to launch a separate stand alone brand called Salt on Monday.Offering near prime to heavy sub-prime, the products will initially only be available through a limited number of packagers, but the aim is to ultimately go direct through intermediaries.Three packagers are confirmed at the moment they include Abacus, Praxis and Pink […]

ARLA launches landlord survey

The Association of Residential Letting Agents is urging landlords to complete its online survey.ARLA research aims to counter misconceptions about the buy-to-let market so both the private rented sector and private investors can make informed judgements. It is therefore urging landlord to completes its survey, the results of which can be used to inform and […]

IFAs call for innovation in home reversion sector

Independent financial advisers are calling for providers to show more innovation in home reversion schemes, says Bridgewater Equity Release. Peter Couch, managing director of Bridgewater, says advisers must be able to give clients what they need, whether it be as much cash as required, a specific release amount, regular payments over time or the ability […]

Newsletter

News and expert analysis straight to your inbox

Sign up