Conti enters Gibraltar - 2nd May 2007

Conti Financial Services Ltd, the UK’s leading overseas mortgage specialist, has announced key mortgage deals to help people buy property in Gibraltar, whether it is for holiday, retirement or investment purposes.

Mortgages are available on a repayment or interest only basis for house purchase, re-mortgage or home improvements. Mortgages for other purposes are dealt with on a case-by-case basis, including a buy-to-let alternative (maximum LTV 85%).

The overall number of enquiries Conti has received from people wanting to purchase property in Gibraltar has steadily increased over the past six months, indicating there was clearly a need to address this market. Gibraltar has a high standard of living, a warm Mediterranean climate and exceptional air and seaport links. Gibraltar is part of the EU and also has an English Common Law system and can offer a privileged tax status to high net-worth individuals, which may be an additional attraction for UK buyers. Another attraction for buyers is the recent easing of tension between Spain and Gibraltar and the re-introduction of direct flights from Spain to Gibraltar that resumed in December 2006 after a period of nearly 30 years.

Simon Conn, Managing Director of Conti Financial Services Ltd, said: “We’re delighted to be entering into the Gibraltan mortgage market. This expansion in our offerings is a response to the increasing demand from people in the UK wishing to invest in Gibraltan properties. Given Gibraltar’s location within the Mediterranean, its climate and the similarities with the British culture, people are seeing Gibraltar as a natural destination for their overseas property purchase, whether as a second holiday home, or purely for investment purposes.”

Conti Financial Services Limited is an independent overseas mortgage specialist with over 12 years trading experience. Conti offers expert packaging services for loans secured against overseas residential property, and can arrange finance on holiday homes, investment and retirement properties in over 40 countries, with over 225 mortgage products currently available.

Conti has a proven track record of continually introducing more countries to their portfolio, as the overseas market expands. Fully independent, with competitive and exclusive terms, CFS Ltd offers free financial pre-qualification on all applications. All mortgage applications are processed and underwritten by Conti’s teams of specialists, who know the exact mortgage application requirements for each overseas lender.

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