Mortgage Brain launches overseas mortgage services, in partnership with Conti - 8th April 2009

Mortgage Brain, the market leading mortgage technology solutions provider, has, in partnership with Conti, the UK's leading overseas mortgage specialist, launched its overseas sourcing module, enabling intermediaries to provide overseas finance options to their clients.

The new overseas sourcing module has been developed within Mortgage Brain 6.80, the latest version of Mortgage Brain's market leading sourcing system, and will enable intermediaries to process enquiries and applications for overseas mortgages in France, Spain, Portugal, Turkey and many other countries.

Available now via website download (www.new-view-of-sourcing.co.uk), or CD on request, the new overseas module will provide intermediaries with the opportunity to earn a valuable new source of revenue as part of their normal mortgage advice and sales processes.

As the industry's best known overseas mortgage professionals, Conti will take responsibility for the financing, or re-financing, of properties abroad, allowing intermediaries to source the most suitable products for their clients, quickly and easily; and receive an introducer commission rate of 25% per completed case.

Mark Lofthouse, CEO of Mortgage Brain, comments, "We are committed to providing intermediaries with value added services and, where relevant, partnering with appropriate organisations in order to help them continue to provide a fast, efficient and more complete service for their customers.

"This partnership with Conti is another clear example of this commitment. The placement of overseas mortgages is increasing in popularity with many of our users looking at this market as a source of generating additional income and the agreement we've reached with Conti provides the perfect solution."

Michael Axelrod, Conti's Commercial Director, adds: "The launch of this new service brings overseas property opportunities to every intermediary office in the UK, with the chance to earn a valuable new source of revenue at absolutely no incremental cost. It means they can now process enquiries and applications for overseas mortgages as simply as if they're dealing with a UK mortgage, with access to the best available deals from overseas lenders.
 
"Despite the economic situation in the UK, the appetite for property abroad remains strong from those who are retiring abroad, emigrating or investing in the overseas property market, due to the value for money and lifestyle on offer. With business diversification now being more important than ever before, the overseas mortgage market is an area of vast opportunity."