Paaleads.com will begin offering leads for customers looking for overseas mortgages in locations around Europe.
The firm plans to expand its offering throughout 2008, with plans to add mortgage leads from Dubai and Morocco.
“Whilst the domestic market is increasingly challenging, there seems to be little effect on the number of UK nationals looking to buy abroad,” says Simon Williams, head of business development at paaleads.com.
“The overseas market remains as buoyant as ever and over the past twelve months overseas mortgage leads have been the most requested new lead type.
“Our infrastructure allows us to develop this new product area quickly and we’ll be delivering these leads to advisers in the same way we do with the traditional lead types.”
The Office of National Statistics estimates there are around 275,000 overseas property owners in the UK, with numbers set to climb over the next few years.
The service will initially be rolled out for mortgages in Spain, France, Portugal, Italy, Ireland and Germany, with additional leads for mortgages in Cyprus, Bulgaria, Morocco and Dubai to be added later in 2008.
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