UK banking group Barclays has launched the UK's first website to provide intermediaries with bespoke online tools to make it easier to do business in the growing overseas mortgage market in Spain, France, Italy and Portugal. The website is also designed to help advise clients on all aspects of purchasing and living abroad.
This new service is part of the bank’s current strategy to maximize the amount of business it does with intermediaries and increase its market share in overseas mortgages. Purchasing property abroad has become increasingly popular with British people over recent years and selling overseas mortgages could provide an additional source of income for many intermediaries.
The site is tailored to meet the needs of intermediaries at all levels and offers comprehensive information on 16 of Barclays’ euro mortgages for non-residents in Spain, France, Italy and Portugal. The in-depth information available on the site will allow intermediaries to help their clients understand the options available when deciding how to finance their overseas property.
Key features of the site include direct access to English-speaking local mortgage experts dedicated to the intermediary market, a clear overview of all available products, including the latest limited offers and interest rates, and policy fact sheets, including loan-to-value ratios and terms and conditions.