Investment guru Jon Moulton invests in Largemortgageloans.com

Jon Moulton, the founder of Alchemy Partners and chairman of Better Capital, and two other UK entrepreneurs have taken a major stake in Largemortgageloans.com.

Moulton, along with Neil Redcliffe, group managing director of Currencies Direct, and Alan Burgess, managing director of Masterframe Windows, have all invested an undisclosed sum in the firm.

Redcliffe and Burgess will also act as non-executive directors at the firm.

Eric Cater, chairman of Hood Group, has been appointed chairman of Largemortgageloans.com, in addition to also investing in the brokerage.

Largemortgageloans.com was set up in 2006, targeting clients looking to borrow more than £500,000 to buy a property and says it handled over £2.5bn in loan enquiries in 2008.

Paul Welch, managing director of Largemortgageloans.com, continues to maintain majority control of the firm and says the injection of capital will help the firm to develop its global strategy.

He says: “At the moment we get traffic from over 100 countries and this investment will allow us to ensure we can capitalise on this.

“We are now looking to employ experienced brokers to help us grow the business and deal with the large number of million plus enquiries that we receive.”