Spain, France and imminent EU entrant, Bulgaria, will be the top three European countries for overseas mortgage distribution by 2020, according to a study by Alliance & Leicester Mortgages.
The Broker World in 2020 study claims over two-thirds of brokers (68%) think they will do more business in the overseas mortgage market in the future while nine out of ten (90%) of them think Europe will see the biggest impact and nearly half (45%) expect to expand into Europe by 2020. The study says brokers also believe lenders will form more strategic partnerships with major intermediary firms with over three quarters (78%) saying they expect lenders and brokers to align their plans and grow their businesses together. But they say this will inevitably lead to greater consolidation in t...
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