Mortgage and insurance firm Unusual Risks have launched a ‘large mortgage’ advice service called Unusual Mortgages.
The service is designed to assist customers who are particularly looking for large mortgage funding, including property developers, professional buy-to-let landlords, company executives and British expatriates.
Unusual Risks said the service has been developed following recent changes within the mortgage industry around the sanctioning and agreeing of mortgage loans.
The firm said there are now many new consumers that may feel inclined to seek professional independent mortgage advice, but are questioning some of the high arrangement fees being charged by brokers for more complex large mortgage situations.
Chris Morgan, lead financial adviser of Unusual Risks, said: “Unusual Mortgages offers highly experienced and expert advice from an industry leading financial adviser in return for highly competitive fixed arrangement fees.
“On a number of occasions we have met clients who have been quoted elsewhere broker arrangement fees of between 1 per cent and 1.5 per cent of the mortgage, which can equate to literally thousands of pounds of extra fees.”
He added: “We have now developed a business model and professional advice process that allows us to offer independent mortgage advice at highly competitive fixed broker fees.”
ruth.gillbe@ft.com
