Overseas mortgages have grown in popularity over the years but they remain highly specialised, which can put advisers off.
However, the firms hope by offering the platform to brokers, more will look to write overseas mortgage business.
Mark Lofthouse, CEO of Mortgage Brain, said: “Our prime objective is to supply introducers with all the tools they need to conduct profitable business in the mortgage industry. Overseas mortgages are increasing in popularity, with many of our users looking at this market as a source of income, and the agreement with Conti provides the perfect solution.”
Brokers wishing to use the service must register with Conti, which will process the application.
Conti will then keep the user up-to-date as the application proceeds and offer them a completion commission of 30 per cent, which it has claimed averages out at £450.
Simon Conn, managing director of Conti Financial Services, said: “We’re delighted to offer this exclusive agreement to Mortgage Brain users. Not only will brokers benefit from generous introductory commission for every successful sale, but they’ll also have access to our database of experts to provide clients with a complete package.”
Simon Chalk, mortgage planner at Mortgage Portfolio Services, said: “There is worry in dealing with the overseas market as many people are unfamiliar with the processes and the way lenders operate. Those only doing a few cases a year it’s better to pass it on to a specialist.”
