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Largemortgageloans.com expects to exceed lending target of £500m in 2019

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  • 23/05/2019
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Largemortgageloans.com expects to exceed lending target of £500m in 2019
Specialist mortgage broker largemortgageloans.com is aiming to exceed its lending target of £500m this year and to recruit 40 per cent more staff over the next two years.

 

A spokesperson from largemortgageloans.com told Mortgage Solutions that last year the company exceeded its lending target of £420m, while its average loan size so far this year is more than £750,000.

The increase in staff and growth in lending completions are part of the firm’s expansion plans, including a move to new offices in London’s Docklands.

Largemortgageloans.com advises clients globally on complex financing of asset classes.

This can include bridging loans, commercial and development finance, complex income structures and later life lending including equity release.

Managing director Richard Merrett (pictured) said that in the last 12 months the specialist mortgage broker has increased written business by 53 per cent, banked business by 31 per cent and reported a 38 per cent rise in the volume of mortgage applications.

Merrett added: “Society is changing. We are living longer, more people than ever before are self-employed and we have a huge number of clients who are ex pats, UK based foreign nationals, commercial developers or buy to let landlords.

“We have 200 finance providers globally, from well-known high street names to private investors, challenger banks, boutique lenders and specialist private banks. Our team of experts finds solutions where others fail, and our continued success is testament to that.”

 

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