The group hopes to increase its volume of mortgage business by up to 300% in 2015 by focusing on clients termed as “high-risk” because they live and work abroad, or are returning to the UK.
DeVere Mortages will work with more than 200 UK and international lenders to assist UK residents and overseas clients with the purchase and refinancing of their UK home.
It will specialise in buy-to-let opportunities, equity release, re-mortgaging overseas properties, and tax optimisation from rental income.
DeVere head of East Midlands, Mitch Hopkinson, will lead the new offering, which will also feature UK and overseas independent mortgage specialist David Eggison, independent mortgage specialist, Lee Adams, and mortgage consultant Martin Grundy.
Hopkinson said deVere Mortgages was formed after the company saw a “consistently increasing demand” for mortgages despite a cooling UK housing market.
“This skyrocketing demand for our mortgage advice is primarily from people living overseas or returning British expats,” he added. “We believe possible contributing factors in this soaring demand for our independent mortgage advice from expats include the tougher rules for securing mortgages, rising house prices, the possibility of rising interest rates, plus the uncertainty prompted by the general election and global economic growth concerns.”
He said expats seeking to secure a home loan in Britain are now increasingly aware of the need to seek highly specialist mortgage advice.
In October last year, deVere revealed that it is to open an office in Australia following “consistent and increasing” demand for cross-border financial advice.
