"> Richard uses largemortgageloans.com’s expertise in ‘million plus’ mortgages | largemortgageloans.com
Our Case Studies
Our Case Studies » Richard uses largemortgageloans.com’s expertise in ‘million plus’ mortgages

Richard uses largemortgageloans.com’s expertise in ‘million plus’ mortgages

Richard Waple, managing director of Property Investment Holdings, is one of a growing number of borrowers who have benefited from largemortgageloans.com’s expertise in arranging ‘million’ plus mortgages.

Richard had never missed a payment on his mortgage for the four years it had been running, but when his fixed rate deal ended last summer he had difficulty finding a new competitive rate from a high street lender, even with a low loan to value.

“The credit crunch meant that the number of offers available for a mortgage of that size was significantly reduced”, he said. “Some high street lenders simply refused to lend up to that level, let alone give me a competitive rate. I thought I was going to have to stay with my existing lender at a rate that was much higher than I had been paying previously.”

However, largemortgageloans.com came up with an alternative strategy, making use of their strong relationships with the private banks. Mr Waple was introduced to the private banking division of an international bank and his interview with the private bank manager resulted in an offer of a very competitive two year fixed rate.

“The whole process was extremely quick,” he said. “And the deal is much better than anything I was offered by the mainstream lenders. Since last summer rates have come down and I have been offered a cheaper product switch.”

This entry was posted on Tuesday, April 14th, 2009 at 11:04 am and is filed under Case Studies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Return to Our Case Studies

Latest Articles/News

Case Studies

There is no denying that the commercial lending sector is experiencing some…

Latest/Related News

The past few months have been challenging in many different ways, but the h…

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

I had to get a mortgage with my mum: first-time buyers frozen out by banks …

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials


Live chat with
our team now