The bank claims that the website is the first of its kind. Barclays currently pay a one per cent procuration fee on the value of the overseas mortgage and, as the average euro mortgage in Spain, France, Portugal and Italy is around €175,000, each completed mortgage could potentially earn the intermediary €1,750.

Suzanne Clay, European business development manager said: “Barclays sees intermediaries as a key channel for our overseas mortgage products. This online service reinforces our position as a leading player and will enable us to capture a greater share of the overseas mortgage market.

“The website underpins this strategy through providing intermediaries with a comprehensive and straight forward online facility where they can access a wide range of mortgage products in four of the top markets for overseas buyers. We also believe the site will encourage intermediaries to open a dialogue with their clients and discuss all financial options available including euro mortgages and other overseas services.”