THE MORTGAGE HUT LTD
One of the UK’s leading mortgage brokers, Mortgage Hut return to Crowd2Fund after a successful campaign. Helping various types of buyers navigate through the market to find the most suitable deals, their team are filled with highly experienced professionals, that support clients to find their ideal home. Mortgage Hut also provides insurance advice. Whether clients are first time buyers or experienced, they provide exceptional advice to ensure that they are well-informed before purchasing their home. The business is growing and the funds raised for this campaign will enable them to further expand as they will be using it towards purchasing another mortgage business.
Providing hassle-free bespoke services for all of your mortgage needs.
We are one of the UK’s leading mortgage brokers and we compare products from over 90 lenders and 11,000 products. We are thorough in our research as we care about ensuring that our clients receive the very best from us. All of our services are bespoke and we care about our client's happiness. From our survey, 99% of our customers said that they would recommend us. Our customers feel at ease knowing that they are in safe hands.
We also have teams who specialise in assisting clients with complex circumstances, such as bad credit mortgages, adverse credit mortgages or mortgages for limited company directors. We care about providing solutions and this is the reason why we are also an award-winning business. Mortgage Hut also holds a rating of 4.93 stars on REVIEWS.io.
Our business is growing and we have helped over 26,940 clients. We plan to continue to grow our business and with the funds raised, we will be using it towards purchasing another mortgage business.
We have had an incredible journey and hope that you can be a part of it as we grow.
The easing of lockdown has helped mortgage brokers get back on track. From a survey, 23% of brokers have said that their business has become stronger than before the virus and 68% of brokers are unaffected by the pandemic.
Credit Risk Comment:
The directors were shareholders in W J Recruitment which is in liquidation, and therefore this is an exception to the policy. All creditors were paid with the exception of the telecoms supplier. Since the other director no longer wanted to run the business, it was then liquidated on the advice of their accountants. This is a returning client with good repayment history. The bank statements demonstrate good affordability. The current ratio is just above 1, which is an improvement on 2019; creditor and debtor days are reasonable. The directors are providing a personal guarantee, this means that if the business fails the director becomes personally liable for the loan. The directors are homeowners, however, this does not ensure there are sufficient assets should the loan need to be recovered. There have been no CCJs for the business or directors. Comment from the director: "I was essentially an investor in J W Recruitment Ltd, although listed myself as a shareholder. The person who ran the business decided he didn't want to do it anymore. We paid everyone but couldn't come to a settlement with the Telecoms provider. Our accountants advised us to liquidate it, although we appreciate now this was bad advice. I had no direct involvement in the business apart from investing in it."
Where will the funds go?
"Providing hassle-free bespoke services for all of your mortgage needs."