Specialist mortgage distributor TFC Homeloans has today launched a range of international mortgages for clients wishing to buy residential property in France and Spain.

Since December 2007 TFC Homeloans has added 3 lenders to its panel in order to increase the choice of products available to its brokers, the addition of these new products, funded by GE Money Bank International Mortgages, sees the company diversifying further.

According to a GE survey research 78% of Brits would consider buying property overseas, with results highlighting France and Spain being named as the most popular locations for investment. The potential of International Mortgages as an additional revenue stream to mortgage intermediaries is therefore quite significant.

Jennifer Wilson marketing manager at TFC Homeloans explains "Even before formally launching these products we received interest from our brokers wanting to send us applications. 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".

Gerry Bell, Head of Mortgage Marketing at, at GE Money Home Lending added, "We are delighted that TFC have chosen GE Money Bank as its key lender as they launch into the International Mortgage market. GE Money International Mortgages are dedicated to offering a first-class service to its clients - with TFC we will be able to expand this service to even more UK residents looking to invest or simply purchase their dream home in France and Spain."

One of the main reasons why people are put off from purchasing property overseas is the problem caused by the language barrier and different working practices which can lead to complications, delays and potentially financial losses. The benefit of these new 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.