Mortgage broker Savills Private Finance has opened an overseas property finance division to offer high net worth mortgage advice to clients looking to purchase properties in France, Spain, Portugal and Italy. Savills has decided the time is right to enter this market, as it has been seeing an increasing number of top-end properties being sold abroad through the International department of its property group parent FPD Savills.
Mike Boles, director at Savills, said: ‘Our parent company already has a strong presence in Europe and it is a logical extension of our current services to offer mortgage finance to UK clients purchasing in Europe. We have used our strong reputation in the UK mortgage market, to secure a range of competitive tailor made overseas mortgage packages.’