Mortgage advisers using the Twenty7tec platform will now be able to support clients funding property purchases with overseas money through a new integrated partnership with Smart Currency Exchange.
The technology firm has partnered with Smart Currency Exchange to embed an international payments solution within its sourcing platform, aimed at helping advisers identify and support clients relying on funds held abroad for property deposits.
The integration is designed to support a range of scenarios, including overseas savings, gifted deposits from family members and inherited funds.
Clients referred to Smart Currency Exchange can secure guaranteed exchange rates, reducing exposure to currency volatility and providing greater certainty during the homebuying process.
Twenty7tec said the move follows industry research showing that 95% of clients holding international funds require support with overseas payments in order to complete a property purchase.
By incorporating the service directly into its platform, advisers can broaden the support they offer while also accessing an additional long-term income stream.
Advisers referring clients to Smart Currency Exchange will receive 25% of all commissions generated for the lifetime of each client, with average earnings of around £625 per referral.
The referral process is fully embedded within the platform and does not require changes to advisers’ existing workflows.
Clients with international currency exposure are automatically flagged within Twenty7tec, prompting advisers to refer them via a dedicated Smart Currency tile.
Referred clients receive specialist guidance and access to international transfers from a provider that has already moved more than £12 billion for homebuyers.
Nicholas Partington, partnerships director at Smart Currency Exchange, said: “We’re incredibly excited to be partnering with Twenty7tec on this integration, which represents a real first for mortgage sourcing.
“By embedding international payments directly into the adviser journey, we’re helping to remove one of the biggest pain points for clients with overseas deposits or those looking to purchase abroad.
“This partnership reinforces our commitment to supporting the mortgage market with a high-quality ancillary service that simplifies complex international transfers, while also delivering clear commercial benefits for advisers through a seamless, integrated referral model.”
The Smart Currency Exchange service is now live on Twenty7tec, allowing advisers to begin referring clients immediately and earn lifetime commission on successful referrals.
