Connect Overseas has highlighted that expats are in need of mortgage expertise and are an important potential source of new business for brokers.
The international mortgage specialist has reminded brokers that over 150,000 Britons last year taking the decision to move abroad.
Geoff Simmonds, head of operations at Connect Overseas, said the latest figures from the Office of National Statistics should make interesting reading for brokers who have been short of new business opportunities.
He said: “Over one third of the 150,000 who emigrated last year were going to take up paid employment and the majority were of working age, which suggests that there is a ready demand for mortgage advice on foreign property as well as ancillary help on property which might need to be rented out in the UK.
“With over 4.7 million Brits living abroad, we believe that there is not only a healthy market for brokers in servicing the immediate needs of new expats but also by targeting the expat community who need help buying or remortgaging here at home.
“At Connect, we have all the tools which brokers need to make a success of their move into foreign mortgage advice. We can provide a proven sourcing tool, which uniquely offers brokers the chance to arrange the mortgage themselves or come to our in-house team to help do the heavy lifting for them. On top of that, our website offers marketing help and advice enabling every broker to develop an important profit centre in this growing sector.”
