Largemortgageloans.com surpasses £6bn barrier
The broker is reporting an extra £2bn enquiries per year since 2012 after seeing enquiries surge by a third (33%) year-on-year.
Paul Welch, founder and chief executive of Largemortgageloans.com, said: “With the cost of a mortgage reducing, it’s also an incredible time to consider property investment; however it’s challenging to know where best to source funding, particularly at a high end.
“We’re keen to continually push boundaries to offer the most tailored solutions possible so that it’s easier to navigate the minefield that are mortgage options.
“This is even more imperative when borrowing larger amounts, and consequently the need to continually innovate and mould solutions is vital to enable the UK to benefit.”
Largemortgageloans.com, which only offers mortgages above £500,000, was established in 2006.
The number of high net worth individuals (worth £660,000 or more excluding their main property) is expected to rise almost 20% to 1 million in the next three years.