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.
