deVere Mortgages launched
As reported by FT Adviser, I’m delighted to confirm the launch of deVere’s standalone mortgages division, set-up to cater to increasing demand from overseas clients.
deVere Mortgages, an independent entity within FCA-regulated deVere United Kingdom, part of deVere Group, one of the world’s largest financial advisory organisations, will be headed up by industry experts, David Eggison, Lee Adams and Martin Grundy, all in possession of over two decades’ experience, and overseen by deVere United Kingdom’s Mitch Hopkinson.
The continual rise in demand for whole of the market, independent mortgage advice led to the formation of deVere Mortgages, which will provide clients and potential clients with a more extensive range of mortgage products and advice.
Even though there have been reports of a slowdown in the property market in the UK, deVere revealed a monthly upturn in mortgage enquiries throughout 2014, which is expected to rise further in 2015.
This steep increase in demand is predominantly from British expatriates who are returning to the UK as well as individuals residing abroad who are habitually classed as high risk by mortgage lenders. The much more stringent procedures when it comes to mortgage acceptance, soaring property prices and the likelihood of increased interest rates, as well as political uncertainty as the general election looms, have all had an impact on the increase in demand.
As a result, people are becoming more savvy when it comes to recognising the need for specialist mortgage advice in order to comply with the rigorous criteria, and the experts at deVere Mortgages have long-established relationships with the appropriate lenders.
Throughout last year, 95 per cent of deVere United Kingdom’s clients were granted a mortgage, and in 2015 with deVere Mortgages, the level of business is predicted to rise by 300 per cent.
deVere Mortgages works with over 200 UK-based and international mortgage lenders, thereby offering clients a wide range of products to suit their individual requirements. deVere Mortgages also provides buy-to-let opportunities, re-mortgaging, equity release and tax enhancement from rental incomes.
For more information or to contact a specialist at deVere Mortgages, call +44 (0) 207 183 9625 or email mortgages@devere-mortgages.co.uk.
