APRIL 2011 |
www.opp.org.uk
BUSINESS
FUNDING FIGURES | 35
available for individuals up to the age of 70, with no interest-only option currently available. More information on these Irish mortgages can be found on our website.
David Kerns, dealing manager at Moneycorp, comments: “Sterling/Euro price action is primarily being driven by potential interest rate paths at present. Divergence between the Bank of England and the European Central Bank with regards future rate hikes is likely to cause further volatility in the months ahead.
“The recent elections in Ireland have bought political change to a country hit hard by a property bubble burst and global recession. The newly elected Government was given power after promising to reform the economy and renegotiate the terms of a loan provided by the EU and IMF under the previous administration. One concession that Ireland may be forced to bring about is its low corporation tax rate, which is likely to be a major sticking point. “The currency of Africa’s biggest economy continues to perform strongly. As a major exporter of gold, South Africa has enjoyed the benefi ts of gold being at record high prices. The
strong Rand is helping the country curb infl ation, particularly as oil and food prices continue to soar. Leading indicators continue to show signs of optimism and recent business confi dence fi gures rose to three-year highs as manufacturing benefi ted from a jump in exports.
“The recovery in South Africa was
confi rmed in January after fi gures showed growth accelerating to an annualised 4.4% in the fourth quarter
“As a major exporter of gold, South Africa has enjoyed the benefi ts of gold at record high prices”
of 2010, from 2.7% in the previous three months. Sterling/Rand has experienced a volatile start to 2011. Prices in January rocketed from below 10.50 in January to just shy of 12.00 in February. The exchange rate has ebbed back towards 11.00 more recently, but further volatility within this range looks likely. While the South African government remains concerned about currency volatility, South Africa has enjoyed a strong start to 2011.”
Top 10 Countries By Highest Loan To Value (LTV) Country & Position
1 Poland - Portugal 2 Ireland 3 France 4 Spain - India
5 Turkey
- Romania - USA 6 Italy
LTV Available
100% 100% 90% 85% 80% 80% 75% 75% 75% 70%
Monthly chart change
- -
2 1 1 1 1 1 1 1
2.31%
Leading Mortgage Rates by most popular countries
9.00% 5.80% 3.80% 1.79% 4.05% 3.80% 2.79% 4.20% 4.90%
Source: OMF and Moneycorp
OPP and Moneycorp to offer new services for all
OPP and Moneycorp have joined forces in a new joint venture designed to offer everyone in the overseas property sector a complete set of new work tools and business packages. “Our new partnership will create tailored packages for the overseas
property industry and change the way people view business partnerships,” says Matt Williams, Business Development Manager at Moneycorp. “We want to create the complete property package - and provide more
support in all areas of your property business: payments services, lead generation, added value for clients, business development introductions, and training workshops.” The suite of products developed will “protect and enhance your reputation
with your clients,” say the partners, “and we will generate more referrals, control how money enters your company, and help you get your money in a faster and easier and way.” “This is a long-term partnership,” says OPP chief executive Xavier Wiggins,
“and we will work hard to drive value to new and existing business partners across both of our companies and the overseas property sector in general. It will be a constantly-evolving offering with new services added monthly, so please keep an eye on OPP to find out what is coming next.” “Agreed,” says Williams, “This partnership will enable us both to offer a
complete set of services to our new and existing business partners in the overseas property industry.” “We will be able to provide a huge amount of valuable support, and will be adding to this monthly,” adds Williams. Some of Moneycorp’s core partner USPs are its transparency in payment
tracking, proof of payment and automatic deal notifications, customer service support, a secure and safe environment, a strong brand with over 30 years of experience, and independent accreditations with the FSA, ISO and so on.
SPAIN USA
FRANCE TURKEY
CARIBBEAN ITALY
SOUTH AFRICA IRELAND POLAND GREECE
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