With the help of Richard Le Tocq and his team at Locate Guernsey, Paul Welch, Guernsey businessman, has returned to the island with his young 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. We will start with local market property.
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 house builders. 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.”