Connect Overseas sees jump in enquiries for US property finance
By Bridging Loan Directory -
Connect Overseas, the international mortgage specialist, part of the Connect Group, is reporting a strong increase in enquiries from intermediaries with UK and international clients looking to invest in US property and needing finance.
With enquiries for US property finance now making up over 20% of requests for assistance, just behind those for Spanish property, Connect Overseas’ Managing Director, Liz Syms, believes that there are a number of factors currently fuelling investor interest in America.
She said, “The US property market has undergone a renaissance in interest as investors have moved in to take advantage of depressed property prices arising from the distressed state of the market caused by the financial downturn. Rental yields are running into double digits and with a recent report from Goldman Sachs suggesting the market in the US is likely to rally in the second half of 2012, it is not surprising that investors are seeing the opportunity to invest now.”
She added “In order to access property finance deals from US banks, you need to be an authorised mortgage adviser in that particular state. It is these key relationships and contacts that Connect Overseas has built up which directly benefit intermediaries and their clients with whom we work. Currently we can source variable mortgage rates from 3.69% and fixed rates from 4% up to 75% LTV and we back up these great mortgage deals by offering a full and comprehensive service to our intermediaries and their clients.