International mortgage quotes 'up in September'

September saw a major rise in the number of quotes being issued for overseas mortgages, according to a supplier of such deals.

Conti Finance stated that the tally of requests it received was 20 per cent more than the monthly average for the year so far, while the average mortgage size - £180,000 - was at the highest level it has been this year.

Operations director Clare Nessling stated: "Affordable prices, low interest rates and a healthy appetite by overseas mortgage providers to lend, are all making it easier to buy property abroad."

She added that accessibility and rental prospects are helping to maintain the popularity of France and Spain with investors.

In an article on Conti's own website earlier this week, Ms Nessling said that there are still good reasons to consider buying in Spain.

She stated that while the Costas have declined, there are better prospects to be had in big cities like Barcelona and Madrid, or in some of the islands, such as the Balearics and Canaries.

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