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Jon Moulton buys a stake in large loans brokerage

Jon Moulton, founder of Alchemy Partners and chairman of Better Capital, and two other UK entrepreneurs have taken a big stake in

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

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

Under the deal Paul Welch, managing director of Largemortgageloans, retains majority control.

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


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Broker fined for submitting 42 fraudulent cases

The Financial Services Authority has fined mortgage broker Gary Lester £103,000 for knowingly submitting 42 fraudulent mortgage applications to lenders. The applications contained false and misleading income information for customers. Lester also committed fraud to obtain a mortgage for himself. The FSA has banned Lester from working in the regulated financial services industry for failing […]


Working together is the route to success

Maintaining good relationships in business as well as in our personal lives is important to our well-being. This is especially apparent in the intermediary market, which is a relationship-based arena. Lender and broker relationships remain critical, while intermediary relationships with estate agents, solicitors, networks, clubs and other service providers have also become important. Some say […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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