04 Feb, 2008
Mortgage Services has launched a fees free service on overseas
Department of Communities and Local Government figures show 248,000
Britons own a second home abroad, which HiFX says represents a
large and growing market for lenders and introducing brokers.
HiFX offers products from UK and overseas lenders for people
purchasing or re-mortgaging an overseas property or looking to
release equity from their UK home to fund a second home overseas.
Foreign based lenders are currently offered in Spain, France,
Italy, Portugal, Canaries, Balearics, Madeira, Dubai and South
Jane Ayliff, head of international mortgages at HiFX, says: "We are
delighted to be able to offer a fees free and fully FSA regulated
overseas mortgage broker service.
"The overseas mortgage market is complex and we know that just as
borrowers have traditionally struggled to find a regulated broker,
good UK residential brokers have often been dissatisfied with the
service provided by many of the overseas players."