Under the referrals deal, B-A’s network members can introduce inquiries from clients interested in financing a property purchase abroad. CFS will then receive the leads and contact the clients direct to process their applications.
"We aim to ensure that our members can offer competitive services in all aspects of the mortgage market,’ said Mike Gamble, B-A’s Regulatory Markets Manager. ‘We are acknowledging that there is growing interest in buying property overseas, particularly from higher net worth clients and those seeking semi-retirement abroad or wishing to move overseas permanently."
"We see the relationship with CFS as offering a quality service and new revenue stream in what is a developing market, offering long-term growth encouraged by greater international harmonisation and cheaper, improved global travel," he added.
"B-A’s mission is to ensure it positions itself with the strategically important players in the market. CFS have a good reputation, enjoy a high corporate profile nationally and they display clear leadership and direction – all key factors in our decision to work more closely with them."
Simon Conn, Managing Director of CFS Ltd, said: "We are pleased to be associated with such a well-established and professional company as Burns-Anderson.
"We know that we can further assist their type of clientele with the relevant specialist mortgage facilities required for purchasing a property overseas - which can be quite complicated and daunting for the inexperienced purchaser in this "foreign market" - and we hope this will enhance the present financial portfolio that they currently offer.’"
