04 Feb, 2008
Tanya Powley - 04-Feb-2008
fees free overseas property mortgage brokers has launched today.
HiFX Mortgage Services offers products from the 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
The broker will be pay referring agents an introductory commission
of 35 per cent of the fee it receives from the lender.
Foreign based lenders are currently offered in Spain, France,
Italy, Portugal, Canaries, Balearics, Madeira, Dubai and South
HiFX offers mortgages representative of the whole of the market
within the UK in order to fund purchases in the same countries.
HiFX head of international mortgages Jane Ayliff 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. Offering independent, expert mortgage
solutions and excellent customer service, our aim is to challenge
those overseas brokers who charge large fees and poor service to
clean up their act.
She adds: "We are committed to working closely with a range of
lenders both in the UK and overseas so that we can offer a
tailor-made service which includes exclusive mortgage products,
dedicated underwriters and a fast track personal service not
available through normal channels."