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TMG Mortgage Network acquires Largemortgageloans.com
Broker firm Largemortgageloans.com has been acquired by the TMG Mortgage Network for an undisclosed sum.
The network said it was able to keep on the firm’s advisers.
TMG said this formed part of the network’s expansion plans and strengthened “its position as a key player in the mortgage industry”.
Largemortgageloans.com was launched in 2003 and catered to high-net-worth-individuals looking for residential, commercial, bridging, buy-to-let and equity release finance.
In August, it announced it had ceased operations.
Scott Thorpe, CEO of TMG Mortgage Network, said: “We are thrilled to have been able to complete on this transaction, whilst retaining the advisers.
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“This acquisition aligns perfectly with our growth strategy as we, establish ourselves as the go-to mortgage network in the south.”