New Large Loan Service Launched By The Mortgage Alliance

Mon, 07 Sep 2009

The Mortgage Alliance has partnered with specialist broker largemortgageloans.com to launch a new loan product .

TMA has teamed up with largemortgageloans.com to offer TMA Large Loans - a large loan referral service providing additional support for brokers with clients looking to arrange mortgages ranging from £500,000 to £50m.

In addition to arranging sterling mortgages, largemortgageloans.com can also arrange bespoke mortgage deals through TMA Large Loans for foreign nationals, British expats, UK residents earning in foreign currencies or non-domiciled UK residents.

Deals can be secured on a range of assets, from shares and bonds to private jets, yachts and cars .

Phil Whitehouse, head of TMA, said: "We are excited at the prospect of working with the team at largemortgageloans.com to open up a new source of funding to our members."

"This partnership will not only enable brokers to help win and retain clients but also to provide an additional extra revenue stream option during these tough times."

Largemortgageloans.com managing director Paul Welch commented: "With the high street lenders making sweeping cuts to their product ranges and criteria, even treating bonuses differently, brokers may be finding it hard to place large mortgage loans at the moment, with a resulting loss in revenue."

"That’s where largemortgageloans.com aims to help TMA members and their clients."
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