Clapper takes stake in overseas mortgage business

Published on

Former Enterprise Group boss Michael Clapper has taken an equity stake on overseas mortgage firm Viva Costa International Mortgages Ltd.

The investment is being made via Clapper’s newly created investment vehicle, Clapper Ventures LLP. Other members of the LLP include Jo Dempsey, Enterprise’s former chief operating officer, Mark Davies, former legal director and Howard Wallis, former finance director.

Viva Costa International was formed in 2005 and is appointed to the panels of many adviser networks including Openwork, Home of Choice, Positive Solutions and MortgageNext. In November 2009, Viva Costa launched a franchise model, allowing franchisees to provide a localised service to brokers across regions in the UK. There are currently nine live franchisees with a further five going live this month.

Clapper said: “I believe the market for overseas mortgages and property sales is set for significant growth. Very low interest rates from overseas lenders – who are both willing and able to lend – coupled with some exciting investment opportunities in countries such as Cape Verde

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...

International demand for UK property investment ‘more diverse than expected’

The UK property market is attracting investment from a much broader range of international...

Other news

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...