Launch of exclusively packaged private bank products via Trigold Prospector for PMS

Wednesday May 13, 2009

largemortgageloans.com is pleased to announce a first for the UK mortgage market; private bank products available via Trigold Prospector and packaged by largemortgageloans.com, launched exclusively to PMS members.

Minimum loan size is £1 million and maximum loan to value is 50%, available for residential and buy to letpurposes. Pricing is LIBOR + 1.25%, with a floor of 2.25%, for residential, LIBOR + 1.75%, with a floor of 2.75%, forBTL. The service uses an integrated generic application form, encrypted for safe transmission between all parties.

largemortgageloans.com specialises in mortgages of between £500,000 and £50 million and has expertise and experience in creating tailored solutions for brokers and their clients.

Paul Welch, Managing Director of largemortgageloans.com, comments “This is a first for the UK market, combining our long-established relationships with private banks and expertise in packaging large loans with Trigold’s technology platform and PMS’s distribution power.”

Martin Reynolds, Development Director PMS, adds “This is another example of largemortgageloans.com delivering innovation and value to PMS members. This exclusive private bank packaging service on Trigold’s Prospector Software complements the large loan referral service we launched with largemortgageloans.com earlier this year.”

Notes to Editors

Contact – Paul Welch, Managing Director of largemortgageloans.com:

telephone: 020 7519 4900

e-mail: paul.welch@largemortgageloans.com

Product Details
Criteria: £1m minimum loan and 50% maximum LTV. BTL maximum number of properties = 4, rental income 130% of monthly mortgage payments

Pricing: weekly LIBOR + 1.25%, with a floor of 2.25% for residential, LIBOR + 1.75%, with a floor of 2.75% for BTL. Both are a 5 year renewable facility.

1% up front arrangement fee

0.275% commission payable to the broker on completion

Find out more about Buy To Let Mortgages.

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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. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk. The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending. Largemortgageloans.com Ltd is a licensed credit broker, and not a lender.

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.

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London Office (Main):

020-7519-4900

London Office (Main):

info@largemortgageloans.com

Largemortgageloans is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London