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Mortgage Brain to offer overseas mortgage sourcing

Advisers will now be able to source overseas mortgage products on Mortgage Brain through a tie-up with Conti Financial.

Conti has entered into a strategic partnership with Mortgage Brain, meaning that for the first time intermediaries will be able to source both UK and overseas mortgages for their clients.

Mortgage Brain 6.80 will allow intermediaries to process enquiries and applications for overseas mortgages as they would a UK mortgage. Conti will be the major specialist overseas mortgage packager for the financing, or re-financing, of property abroad.

The full overseas mortgage sourcing system is due to launch in the next few weeks.

Conti commercial director Michael Axelrod says: “This new partnership will allow us to maximise synergies, and provide something which has been missing from the market – a ‘total solution’ for intermediaries. Conti and
Mortgage Brain are best placed to offer this service which combines UK and international mortgages for the first time. It’s the perfect partnership.”

Mortgage Brain chief executive Mark Lofthouse says: “One of our prime objectives is to supply intermediaries with all the tools they need to conduct profitable business within the mortgage industry. We are committed to providing them with value added services and, where relevant, partnering with appropriate organisations to help them provide a fast, efficient and more complete service for their customers.

“The agreement 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.”

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