A local mortgage provider has reached a “significant milestone” having begun business eight years ago.
Marsden Building Society has provided £100 million in mortgage completions.
The Society was launched in 2018 and its partnership with SPF Private Clients has allowed it to provide islanders with flexible mortgage and loan options.
Jo Cave, Head of Mortgages at Marsden Building Society, said: “Reaching £100 million in lending is a significant milestone for both Marsden and our partnership with SPF Private Clients.
“It reflects our shared commitment to broadening mortgage options for borrowers on the island, as we understand that everyone’s circumstances are different.
“From supporting growing families to those planning for retirement, offering flexible lending solutions remains a key focus for us.
The company looked forward to “continuing to support Guernsey residents and building on this success in the years ahead”, she added.
It is the only lender in Guernsey which provides mortgages for retired islanders, and offers interest-only loans for most of its mortgage options.
It also gives islanders access to Marsden’s Residential, Retirement, Expat Residential and Expat Buy to Let Mortgage products, through its partnership with SPF Private Clients.
Pierre Blampied, Managing Director at SPF Private Clients, said: “We’re delighted with the value that Marsden Building Society has brought to the mortgage market in Guernsey. The propositions can be bespoke and tailored to borrowers’ personal circumstances.
“The variety of mortgages has ranged from a pensioner requiring a small mortgage of £50,000 to a high-net-worth individual requiring in the region of £2 million.
“We continue to work with the team to be innovative and offer new products.”
