Business
Conister Bank to provide Isle of Man mortgages
Conister Bank to provide Isle of Man mortgages.
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 24 February 2025\n \nManx Financial Group PLC\n (\"Group\")\n \nConister Bank Limited to provide Isle of Man mortgages\n \n \nManx Financial Group PLC (AIM: MFX), the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, announces that its wholly owned subsidiary, Conister Bank Limited (\"Conister\"), has entered the Isle of Man retail mortgage market.\nThe retail mortgage market is one of the largest lending segments on the Isle of Man, currently standing at circa £3.0 billion, but it offers limited competition for customers. Conister now has the relevant licences and permissions to access this market and will begin sales from Monday, 24 February 2025.\nDouglas Grant, Managing Director of Conister Bank said:\n\"This achieves another strategic objective in diversifying and delivering our growth plan for Isle of Man business. Mortgages are an important market on the Island, and one in which we have had no historic exposure. This initiative will not only allow customers a wider choice, but will also provide additional lending opportunities for Conister, complementing our existing bridging loan range and the general insurance and protection products provided by Edgewater Associates Limited, our sister company.\"\n \nFor further information, please contact:\n \n\n\n\n\nManx Financial Group PLC\nDenham Eke\nExecutive Vice Chair\nTel: +44 (0) 1624 694694\n \n\n\nBeaumont Cornish Limited\nRoland Cornish/James Biddle\nTel: +44 (0) 20 7628 3396\n \n\n\nGreentarget Limited\nJamie Brownlee\nTel: +44 (0) 20 3307 5726\n \n\n\n\n\n \nNominated Adviser\nBeaumont Cornish Limited (\"Beaumont Cornish\") is the Company's Nominated A...