The website offers information on 16 of Barclays’ euro mortgages for non-residents in Spain, France, Italy and Portugal. Features include direct access to English-speaking local mortgage experts and an agreement-in-principle process which Barclay’s said was aimed at helping brokers provide feedback to clients on the likelihood of securing the mortgage.
There is also a guide to the application process in each of the four countries, an overview of all costs associated with buying a property in the countries, and income assessment tables and examples to help brokers calculate the level of borrowing available to clients.
Nick Baxter, managing director of Mortgage Promotions, said: “I think it’s useful for any product provider to do everything they can to educate intermediaries on the foreign market. All the countries have fairly quirky rules and regulations and anything that helps brokers is good.”
Suzanne Clay, European business development manager for Barclays, said: “The website provides brokers with a comprehensive online facility where they can access a wide range of mortgages in four of the top markets for overseas buyers. We believe the site will encourage advisers to open a dialogue with their clients and discuss all financial options available.”
Nick Baxter, managing director of Mortgage Promotions, said: “I think it’s useful for any product provider to do everything they can to educate intermediaries on the foreign market. All the countries have fairly quirky rules and regulations and anything that helps brokers is good.”
