Broker Toolbox: How to place large mortgage cases

Millionaire homeowners are moving when other homeowners are staying put

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Paul Welch, managing director of Largemortgageloans.com, says having the right contacts opens the door to the high-end loan market.

The latest Million Pound Property report from Largemortgageloans.com shows that these high-end property sales in Great Britain increased by almost 58% in 2010, compared with 2009. In the past year, 7,451 million pound properties were sold in Great Britain, compared with 4,725 in 2009. Whilst 90% of the million pound property sales were in London and the South East, which saw a 60% increase, year on year, growth was not confined solely to this area of the country. The West Midlands million pound property market saw a 100% increase in sales from 2009 to 2010 and East Anglia's sales increas...

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