Press release

largemortgageloans.com appoints Richard Merrett as new Managing Director

November, 14th 2017

Appointment of former Alexander Hall Technical Director will drive the next stage of the group’s strategic growth

largemortgageloans.com has announced Richard Merrett as its new Managing Director. The role has been created to drive the next stage of the group’s strategic growth.

Founded by Paul Welch in 2006, largemortgageloans.com is a multi-award winning market leader in the UK mortgage industry, and the UK's first broker to specialise in arranging mortgages above £500,000.

Richard Merrett spent 15 years at Alexander Hall Associates Ltd., most recently in the role of Technical Director. In addition to his responsibilities as a board member, Richard was responsible for managing all lender relationships as well as all product-related developments, including training and communications to advisers. Richard has been central to the development of Alexander Hall Associates Ltd. as a leading mortgage intermediary in the UK and was a key member of the management team that positioned the business to support the successful IPO of the holding company, Foxtons Group Plc, in 2013. 

The role of MD has been newly created for Richard and will allow CEO and founder Paul Welch to focus on growing the group further. Welch says, “I am delighted Richard has agreed to join largemortgageloans.com as Managing Director. He brings with him an excellent reputation and a wealth of experience in mortgage intermediary distribution. We have exciting plans to grow all aspects of the business and Richard’s knowledge and experience will enable us to forge ahead with our strategic growth.

Welch added, “largemortgageloans.com is an expanding business and we’re actively recruiting advisers interested in developing their careers in the specialist large mortgage market, both in the residential and commercial markets.”

largemortgageloans.com specialises in creating innovative and bespoke funding solutions through creative thinking and access to niche lending, provided by a global network of finance providers. The company handles more than £3 billion of enquiries every year through its 45 staff based in London, Singapore, Monaco and Guernsey. As well as organising loans against property, it funds complex lending structures internationally across all asset classes including real estate, jets, yachts and art.

 

ENDS

Notes for Editors

Contact: 020 7519 4900

Email: info@largemortgageloans.com

largemortgageloans.com is a market leader in the UK mortgage industry and the UK's first mortgage broker to specialise in arranging mortgages above £500,000. Founded by Paul Welch in 2006, largemortgageloans.com is at the forefront of the industry as a result of providing innovative funding solutions, million plus mortgage advice and access to sources of capital not generally available.

Having built up an unprecedented global network of 115 finance providers to date, largemortgageloans.com uses this expertise to strengthen partnerships between financial services companies and high net worth individuals, all underpinned by absolute discretion and integrity.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of Buy to Let mortgages, commercial mortgages, business finance, overseas mortgages and tax advice. largemortgageloans.com is also registered with the Guernsey Financial Services Commission as a Non-Regulated Financial Services Business.

  • This Month's Top Fixed Rate

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Tel: 020 7519 4900
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YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Changes in the exchange rate may increase the sterling equivalent of your debt

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 302228 which can be viewed here: www.fca.org.uk/register/. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. Help and advice in regards to mortgages is available at www.moneyadviceservice.org.uk

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.

A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
You may have to pay an early repayment charge to your existing lender if you remortgage.

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