British Mortgages Abroad: Florida Press Release May 2007

UK Investors Surge to Florida Market

Florida property still popular with Brits looking for that dream home or investment! GE Money Home Lending, based in the UK, has seen a 100% increase in business to date in 2007, based upon the same period in 2006.

  • GE Money Home Lending sees Florida sales double year-on-year as UK buyers remain focused on the Florida market
  • Investors surge into the market place as the pound recently reached a 26-year high against the dollar
  • Current UK investors urged to looks at the long-term investment of their properties and advised against selling in the current market place

Many property investors looking towards buying a home in Florida have been warned off the market place in recent months. However, when looking at the Florida market place, it still gave a solid performance last year with house price inflation sitting at 9.5%.

Coupled with a fantastic Sterling Vs. Dollar rate which is the highest in over a quarter of a century, it makes Florida very attractive indeed!

GE Money Home Lending offers UK citizens the opportunity to secure a sterling mortgage on a property in Florida, enabling many to secure their holiday home or investment property - based upon the Bank of England base rate and a system which they are familiar with.

Read the full press release on British Homes Group’s main website


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