Paul Welch, the founder of Largemortgageloans.com has moved back to Guernsey and increased lending options on the island.
Largemortgageloans.com is an independent mortgage broker that handles over £3 billion of mortgage enquiries per annum with staff representation in London, Monaco, Singapore and Guernsey.
It now has exclusive arrangements in place to assist local resident, from business funding to first time buyers and later life lending. Supported by the Family Building Society, it will lend to first time buyers up to 95% of the purchase price with additional security. This will enable those that wish to buy for the first time through the family mortgage to do so.
Later Life lending is aimed at lending to those aged 65-89 that wish to release funds for a variety of purposes. It will start with local market property only.
Mark Bogard, CEO of the Family Building Society, said: “We are very excited to be supporting Paul and his business by making available our products and expertise to benefit islanders.”
Nash & Co Capital Ltd is a London-based merchant banking business with a focus on arranging loans for profitable privately-owned UK SMEs. It will consider borrowers from a wide range of industry sectors and funding requirements of between £500,000 and £3m.
Toby Howell, founding partner, said: “We are looking forward to meeting and helping local businesses in ways that banks in the recent past haven’t been able to.”
Ultimate Capital provides property development, mezzanine and bridging finance from £250,000 to £3,500,000, over a 6-24 month period.
Mark Holden, founder and CEO of Ultimate Capital, said: “We are very interested in the Guernsey market and believe there to be superb opportunities for commercial developers and housebuilders.
“We have over 1,000 units currently under construction across the UK and are excited by the strategic alliance with Paul, who has considerable skill and experience and we support him wholeheartedly. Our many customers are our best form of marketing and we are proud of their glowing references of us.”