Woolwich Overseas

• Barclays has been promoting euro mortgages in Spain, Portugal and Italy to UK intermediaries since
  September 2003
  
  
• In recent years, buying abroad has been a growing market fuelled by the increasing number of destinations where cheap flight airlines operate, lower house prices, lower interest rates and increased media coverage
  
  
• Funding an overseas purchase with a loan in the foreign currency may benefit the customers by:
  - offering interest rates as low as 0.75% above EURIBOR
  - reducing the risks of currency fluctuations affecting the payments
  - allowing first time buyers to purchase a property in Europe to enable them to get on to the property ladder
  
  
• Barclays have tried to make the application process for overseas mortgages as straightforward as possible by providing English speaking staff in Spain, Portugal and Italy, and by permitting the clients to appoint English speaking specialist lawyers in either the UK or the destination country

For any further information or to receive a euro mortgage pack, simply call the Woolwich on
020 8298 3223

Mortgage Promotions pays the following procuration fees on Woolwich Overseas business
Spain - 0.45% of the advance
Portugal & Italy - 0.30% of the advance

TO QUALIFY FOR THE MORTGAGE PROMOTIONS PROCURATION FEES YOU MUST PRINT, COMPLETE AND FORWARD THE BROKER SUBMISSION SHEET WITH THE MORTGAGE APPLICATION FORM