TMG Mortgage Network has acquired online mortgage broker www.largemortgageloans.com for an undisclosed sum.
The network said the acquisition marks a “significant milestone” in its expansion plans and strengthens its position as a key player in the mortgage industry.
TMG Mortgage Network CEO Scott Thorpe said: “We are thrilled to have been able to complete on this transaction, whilst retaining the advisors. This acquisition aligns perfectly with our growth strategy as we, establish ourselves as the go-to mortgage network in the south.”
www.largemortgageloans.com is a London-based online brokerage set up in 2003 to facilitate the residential and commercial borrowing requirements of high-net-worth individuals, particularly those looking to borrow more than £500,000.
That company went bust and closed the doors owing lots of people a ton of money – I think what that article means is that they’ve bought a web domain from the liquidator.