The agreement, which will run for a limited period of three months, follows the success of TMA’s promotion of The Resort Group seminars to members and offers DA brokers even more opportunities for clients looking to the overseas investment market. As part of the incentive programme the broker introducing the client to The Resort Group will receive 5% of the agreed purchase price of the overseas property. Where the broker executed the sale of the property directly with the client The Resort Group will pay the broker 7% of the agreed purchase price of the overseas property.
As part of the semi-exclusive agreement between TMA and The Resort Group members introducing clients will receive an additional 0.5% commission and for direct sales members will receive an additional 0.7%.
Through a link in the new TMA website The Resort Group will allow members access to a marketing toolbox that will help brokers to market overseas investment opportunities to their clients and generate leads. It will also provide a dedicated account manager and sales support staff.
The initial link with The Resort Group was established in November 2009 to provide DA brokers with the opportunity to offer their clients access to off-plan overseas property developments. The link will primarily target DAs with professional buy-to-let investors as well as for those with clients looking at investment opportunities beyond the UK. The Resort Group specialises in dealing with the intermediary market and will provide clients with all the necessary financial and legal requirements.
The Resort Group is proficient in selling off-plan properties, with typical build times of two to three years. It selects developments in prime locations to provide substantial growth in value and high returns on investment.
The Resort Group also have a number of major alliances designed to ensure their resorts are of the highest quality. Only sizeable, established and financially strong construction companies are employed on the construction of the resorts. Also, the resorts have an on-site proven vehicle to provide consistent and sustainable rental income for purchasers of properties. The SIPP option has accounted for a large proportion of new sales for The Resort Group over recent months, and has become an extremely popular investment vehicle for many clients. Full help and support is available regarding the SIPP proposition.
Phil Whitehouse, head of TMA, commented: “As people continue to look at different ways to boost their pension pots it is important that brokers position themselves to be able to accommodate a range of potential offerings. The purchase of foreign property presents some unusual challenges and we’re delighted to have further extended our relationship with such an established and reputable firm who has already proved popular amongst our members. Of course the overseas market will not be for everyone but for brokers with clients currently struggling to find suitable UK investment vehicles this facility could prove to be a valuable addition to their offering.”
