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Fee-free overseas mortgages launched
5 February, 2008
HiFX has revealed a fee-free service to help Britons buy property abroad, with a lucrative intermediary commission structure.
Investors can arrange either a UK-based or an overseas mortgage through HiFX for their property purchase, depending on their individual preference.
If plumping for an overseas mortgage, products in Spain, France, Italy, Portugal, Canaries, Balearics, Madeira, Dubai and South Africa are all within HiFX's remit.
“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," explained Jane Ayliff, head of international mortgages at HiFX Mortgage Services.
"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."
On top if this, HiFX is offering 35 per cent of its lender fee as an introductory commission for referrals.