Called the ‘Millionaires Club’, the lender will provide funding of between £1 million and £2 million in a package aimed at meeting the client’s specific requirements.
To access the service, brokers must contact the Mortgage Intelligence broker desk and allow 24 hours for the product to be composed.
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Sally Laker, managing director at Mortgage Intelligence, commented: “This is a wonderful opportunity for our brokers to offer value-added service to an ever-expanding client base. Those clients seeking a loan of between £1 million and £2 million will be made to feel special as we are able to design a product unique to the client’s needs. This will be a valuable weapon in the broker’s armoury when it comes to securing this kind of business.”
Scott Taylor-Barr, national account manager for N&P, added: “We are allowing brokers to offer a truly bespoke mortgage for some of their most demanding clients with their choice of fee structure, rate, incentives and more.”
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Jon Burridge, managing director at Quantum Mortgage Brokers, said: “There will be limited appeal for this because of the loan size, but it’s a good idea. It’s like a private banking solution but from a mortgage lender.”
