In conjunction with Viva Costa International Mortgage Ltd., the new range offers an interest only package up to two years on a 40 year maximum term. The bank arrangement fee is 1.34 per cent and there is a higher lending charge of 1.66 per cent.
Through the Mortgage Times Group, Viva Costa International Mortgage Ltd is able to offer online case tracking facilities at every stage of the process, with regular visits from Business Development Managers to ensure the course of the overseas mortgage runs smoothly. The Mortgage Times Group is also able offer its members the ability to arrange mortgages in many of the modern investment hotspots including Dubai and Bulgaria through its partnership with Viva Costa, as well as over 30 other countries.
Payam Azadi, head of marketing at The Mortgage Times Group, commented: “The overseas mortgage market is thriving currently, and this deal is testament to the state of the market. This further enhances our overseas mortgage panel and adds another fantastic opportunity to our intermediary parents.”
Mark Nichols, operations director for Viva Costa International, added: "Working with major distribution partners like The Mortgage Times Group, we’re developing products to meet the changing needs of clients in the many countries we operate in. It is great to be able to offer this enhanced product to the Mortgage Times Group’s members and further product developments are planned for later this year."
