TFC widens international options

The products, launched in conjunction with GE Money Bank International Mortgages, are available for residential property purchases in either country.

Jennifer Wilson, marketing manager at TFC Homeloans, said that interest in overseas products had been picking up for a while prior to the launch.

"Investment in overseas property can be very rewarding for clients and because people are unsure about what’s involved in purchasing overseas they are more likely to turn to their mortgage advisor for information," she said.

With language barriers putting many off branching out abroad, UK-funded mortgages for foreign property offer a ideal solution.

The benefit of the TFC products is that the legals are handled by registered UK solicitors so the client has the full backing of the Law Society should they run into any problems.

The whole application process is extremely straightforward; taking France as an example, clients simply need to provide proof of income, a completed and signed application form, valid passport, credit report, details of French bank account the mortgage will be paid from and copy of the purchase agreement.