HiFX offer fee free service on overseas mortgages

In a move set to shake up the overseas mortgage industry HiFX Mortgage Services has announced its launch as the only major UK broker to provide a fee free service on overseas mortgages. The fully regulated and independent service will provide both overseas and UK mortgages to the growing number of people buying property abroad. HiFX has launched the service following consumer feedback on the problems of dealing with unregulated overseas brokers and the complex nature of foreign mortgages.

Over two hundred thousand Britons own a second home abroad, representing a large and growing number of people looking for ways to finance their dream place in the sun. However traditionally many buyers have struggled to find reliable advice or have fallen victim to rogue traders, handing over fees to overseas brokers who have failed to secure a suitable mortgage for them. As completely independent brokers, HiFX Mortgage Services will search the market for mortgages from both UK and overseas lenders for people purchasing or re-mortgaging an overseas property or looking to release equity from their UK home to fund a second home overseas.

Foreign based lenders are currently offered for purchases in Spain, France, Italy, Portugal, Canaries, Balearics, Madeira and Dubai and South Africa. In addition HiFX offers mortgages representative of the whole of the market within the UK in order to fund purchases across the world, including emerging markets where borrows have generally struggled to raise finance.

Jane Ayliff, Head of International Mortgages at HiFX Mortgage Services comments, “The overseas mortgage market is complex and we know that unfortunately all too many times buyers have paid out hundreds of pounds in broker fees, only to find the broker is unable to secure a suitable mortgage in the end. We believe it’s time to put an end to those experiences and are proud to announce the launch of our fees free, fully FSA regulated and independent overseas mortgage service.”

Working closely with lenders, HiFX offers a tailor-made service which includes exclusive mortgage products, dedicated underwriters and a fast track personal service not available through normal channels. Users of HiFX Mortgage Services also have access to the expertise of the businesses’ parent company - HiFX Currency Exchange - and the affiliated HiFX Insurance Services, ensuring the process of buying abroad is as smooth and cost effective as possible.

Ayliff concludes, “Buying abroad can be confusing enough with language barriers and foreign legislation to overcome, but getting the right, professional advice in financing an overseas property purchase is absolutely vital. Our heritage of experience in overseas property combined with our fully CeMap qualified advisers means borrowers can be confident that they will get the most suitable mortgage for them, from across the whole market, for free.”

Mike Farley, Managing Director at Intasure Holiday Home Insurance Specialists who work with HiFX Mortgages comments, “The overseas mortgage market is checkered with rogue traders and for us, knowing that we are recommending our clients to a company who will provide the highest standards of regulated advice, support and products – at no cost - is hugely important to us.”

Why use HiFX mortgage services?

No fees
Unlike other overseas mortgage specialists, there are no fees for the HiFX mortgage services.

Independent
Qualified & experienced independent advisors are able to search the mortgage market to find the product and lender most suited to borrowers’ requirements.

UK and overseas lenders
HiFX has a broad panel of lenders based in the UK and overseas.

Wide range of mortgage products
Whether looking to purchase a dream home in the sun, re-mortgage an existing overseas property, raise finance against an overseas property for home improvements, release equity or purchase additional properties, HiFX can help to find the right mortgage products.

Excellent customer service
Understanding overseas mortgages can be daunting. The HiFX Mortgage Services team will provide all the help and expert advice needed to choose the right mortgage product.

For more information, visit hifx.co.uk.