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Mortgage Alliance in off-plan deal for buy to let

The Mortgage Alliance has linked with The Resort Group to offer access to off-plan overseas property developments for directly authorised brokers.

The partnership will primarily be targeted at profess- ional buy-to-let investors and TMA members can attend free workshops run by The Resort Group.

The Resort Group is based in Gibraltar and specialises in selling off-plan properties with build times of two to three years. It has offices in the UK, Cape Verde, Canada and Spain.

TMA head Phil Whitehouse says: “The purchase of foreign property presents some unusual challenges so we are delighted to have linked with such an established, reputable company with financial strength that will provide full guidance to brokers and their clients in the overseas buying process.

“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.”

The Emba Group sales director Mike Fitzgerald says: “I think everyone would be open to any new earning streams. I am sure there is a market for anything to do with overseas property at the moment, although there have been lots of problems with the Spanish market.

“As long as the due diligence has been done by the network, then there should not be a problem. More and more brokers are looking outside their postcodes for new income streams.”

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