Brokers can use Mortgage Brain’s sourcing systems to search, review and produce full product quotes for overseas mortgages from lenders based in countries such as France, Spain, Turkey and Portugal.
Brokers can now access overseas products from both Viva Costa and Conti Financial Services. Conti teamed up with Mortgage Brain to offer overseas mortgage sourcing in April 2009.
Mark Lofthouse, CEO of Mortgage Brain, says: “We firmly believe the overseas market presents significant opportunities for brokers now and in the future.
“Our partnership with Viva Costa represents a development of our overseas sourcing capabilities for the benefit of brokers and their customers.”
Adrian Holland, managing director at Viva Costa, says: “We have recently seen a flood of overseas remortgage applications, particularly in Spain and France where savings are significant, and brokers can now, for the first time, use Mortgage Brain to produce full product quotes.”
Michael Clapper, founder and former group chief executive of Enterprise Group, acquired an equity stake in Viva Costa in March.