Press Releases
Press Releases Guernsey has access to three new lenders

Guernsey has access to three new lenders

With the help of Locate Guernsey, Paul Welch, Guernsey businessman, has returned to the island with his London-based family. Paul is the founder of largemortgageloans.com & Millionplus.com.

largemortgageloans.com is a multiple award winning UK business acting as an independent mortgage broker that is regularly featured in the Financial Times and Sunday Times. The business handles over £3 billion of mortgage enquiries per annum with staff representation in London, Monaco, Singapore and Guernsey.

Paul was recently recognised by Spears magazine as one of London’s top 5 property financiers and will be using his expertise and contacts to benefit the island.

We have exclusive arrangements in place to assist local residents – from business funding to first time buyers and later life lending. Supported by a building society, we 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, which will be available in the 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. Monies are sourced both in-house and from third party HNW investors, with typical loans being amortised over 3-4 years, paying 9-10% coupons and offering investors further upside by way of warrant/B Share structures. Nash & Co will consider borrowers from a wide range of industry sectors and funding requirements of between £500,000 and £3m.

Toby Howell, founding partner, commented, “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 and prides itself on a bespoke, fast, fuss free service with the option for 100% funding and no complex fees, just simple transparency.

Mark Holden, Founder and CEO: “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.”

 

ENDS

Notes for Editors

Contact: 020 7519 4900

Email: info@largemortgageloans.com

About largemortgageloans.com

largemortgageloans.com is a market leader in the UK mortgage industry and the UK’s first mortgage broker to specialise in arranging mortgages above £500,000.

Founded by Paul Welch in 2006, largemortgageloans.com is at the forefront of the industry as a result of providing innovative funding solutions, million plus mortgage advice and access to sources of capital not generally available.

Having built up an unprecedented global network of eighty-four finance providers to date, largemortgageloans.com uses this expertise to strengthen partnerships between financial services companies and high net worth individuals, all underpinned by absolute discretion and integrity.

About Locate Guernsey

Locate Guernsey exists to promote the British Channel Island of Guernsey as a world-leading destination for individuals and for businesses. Funded and operated by the Island’s Government, the States of Guernsey, it provides guidance and assistance to those relocating to the Island.

For more information, please visit:
www.locateguernsey.com

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

largemortgageloans.com is a trading name of largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of Buy to Let mortgages, commercial mortgages, business finance, overseas mortgages and tax advice. largemortgageloans.com is also registered with the Guernsey Financial Services Commission as a Non-Regulated Financial Services Business.

This Month’s Top Fixed Rate

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