May 9th, 2012
Do you need a bridging loan to purchase a new property? We have the private banking contacts to provide a tailored solution for you. To discuss this or any other large mortgage case, please contact us.
Case profile
Our clients needed to arrange a bridging loan of £2.5million, borrowing £700,000 more than the purchase price of the new property (£1.8million) to enable significant works to be carried out. Whilst the property was habitable at the time of purchase, the nature of the works would result in the property being uninhabitable so they would need to stay in their current property for the duration of the works. The clients’ current main residence had no mortgage on it and with a recent valuation of £4million, there was no shortage of bridging lenders to choose from. However the solution they had been offered included a 2% arrangement fee and 0.85% per month interest costs. Based on borrowing £2.5million this would have resulted in fees of £50,000 and interest rolling up at the rate of £21,250 per month.
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April 26th, 2012
26th April 2012
We have just launched the following exclusive mortgage rates and wanted to bring them to your attention in case you or – if you are a financial adviser – your clients live or work in the City of London and who require a £500,000+ mortgage on a fixed or tracker rate or a bespoke combination of both. These exclusive rates are only available until 31st May 2012 – act now!
3.99% 5 Year Fixed Rate Mortgage (overall cost for comparison 4.8% APR representative variable)
3.10% 5 Year Tracker Rate Offset Mortgage Tracker (overall cost for comparison 3.9% APR representative variable) – exclusive 2 and 3 year tracker rate products also available
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April 16th, 2012
16 April 2012
Largemortgageloans.com, the specialist large mortgage loans broker, has announced that its large loan referral service – the Partnership Programme – has paid out over £300,000 in shared commission in the 12 months to 31 March 2012.
Largemortgageloans.com now has introducer arrangements in place with two-thirds of the UK appointed representative population, as well as thousands of directly authorised brokers, IFAs, estate agents, accountants and solicitors.
Paul Welch, managing director of Largemortgageloans.com, comments “We’re pleased to be able to share the success of our Partnership Programme with so many of our introducers. It’s a good example of the way in which the mortgage industry is working together in a variety of ways to adapt to the current environment and to support its future growth.”
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May 2012 Market Commentary
May 10th, 2012Find out more about Large Mortgages on our homepage.
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