High net worth clients are worth the effort in finding, writes Phil Whitehouse, head of The Mortgage Alliance (TMA)

As a ‘glass half full’ kind of person I always tend to veer towards the positives and try to stay away from the negatives if possible, which is probably the reason why a recent news story stuck in my head. It involves what has become somewhat of a rarity over the past few years which is investment being pumped into an intermediary firm from a well-known source. Another reason for me to take an even greater interest in this story was that we, at TMA, work quite closely with the firm in question and it’s always good to see a strategic partner benefitting. The investor is Jon Moulton, the founder of Alchemy Partners and chairman of Better Capital, and along with two other UK entrepreneurs they have taken a major stake in Largemortgageloans.com.

The managing director of Largemortgageloans.com, Paul Welsh, will continue to maintain majority control of the firm and says the injection of capital will help the firm to develop its global strategy. Commenting on the deal he added: “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.””