Released on: October 19, 2007, 7:33 am

Press Release Author: Lee Weaver / BritishHomesGroup

Industry: Real Estate

Press Release Summary: The BRITISH HOMES GROUP Florida report a mini boom in Florida
mortgages for British buyers.


Press Release Body: UK & FLorida, US, 19 October 2007, The BRITISH HOMES GROUP
Florida report a mini boom in Florida mortgages for British buyers. The organization
which is British staffed and based in Florida specialise in assisting UK residents
with their Florida vacation home, timeshare and mortgage enquiries. They work with
companies such as Disney, Marriott and Sheraton in Orlando and launched the first
British Mortgages Abroad program in 2001.
Lee Weaver, Director of Operation "Now is the perfect time to buy", notes Weaver,
"with property values dipping and the pound continuing to trade at a 26-year high
against the dollar, a strong buyers market has emerged once again for British
investors in the 'Sunshine State' - especially when combined with highly motivated
builders and individual sellers.
"This is a very busy time for our company", said Weaver. "Sales enquiries are
reaching the record numbers of three years ago, the only difference being, there is
now inventory available to meet that demand".
This increase in businesses is despite a surprise announcement by GE Money advising
US brokers by email that its company British Mortgages Abroad would not accept any
mortgage applications
GE Money's Duncan Berry said in his email announcement that after an internal review
of BMA operations, they had decided to focus their efforts on their UK lending
business. "Existing customers and customers in progress will not be impacted and BMA
will continue to service their accounts"
The Florida market could be helped by realtors selling to an international audience
a strong pound and against the US Dollar and cheaper US house prices means Florida
property is now a real bargain.
Competition is heating up between the US banks and the added benefit of a British
based multi currency loan (which can be repaid in pounds, dollars or euros), British
investors in Florida now have a range of options to choose from.
About the British Homes Group.
British Home Groups introduced the first multi-currency mortgage in association with
Lloyds TSB in 2006. They offer sound pre-application advice, solid customer service
up to and beyond \'closing\' and continue to develop their mortgage product knowledge
for British investors in Florida.
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Web Site: http://www.BritishHomesGroup.com

Contact Details: Lee Weaver
British Homes Group Florida
(00) 1 407 396 9914 or 0800 096 5989 (within the UK)
(00) 1 407 396 9918 fax
Info@BritishHomesGroup.com
www.BritishHomesGroup.com