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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.”


Insolvencies rise

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IFAs call for innovation in home reversion sector

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