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 Largemortgageloans.com.

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.”