Co-founder takes sole ownership of finance brokerage

Finance broker Garry Falla has taken over the sole ownership of Falla Ingrouille, the business he co-founded in 2003, following the departure of his business partner Adrian Welch.

With almost 40 years’ experience in the lending sector Mr Falla will continue to operate the business on the same principles, acting as a totally independent intermediary between personal and business clients and finance houses.

Falla Ingrouille was co-founded with Tim Ingrouille, who left the business in 2007, and emerged from RoyScot Guernsey, a joint venture with the Royal Bank of Scotland.

Mr Falla said that in a changing banking environment and with the welcome advent of responsible lending, the business had created its own niche. It embraced traditional values, was able to negotiate competitive rates and placed importance on a personal approach and face-to-face client contact.

“In the case of many of my clients I know them personally and have arranged finance for them on a number of occasions so I can vouch for them when negotiating with the lenders,” he said.

 “No two arrangements are the same and no two days are the same which is one of the things I like about this industry.”

Two of the most common reasons for obtaining credit are to purchase a car or finance home improvements but less usual arrangements had been for cosmetic surgery or to put in place a contract hire facility for more than £1m. worth of commercial vehicles.

And the lending sector is set for further change. The Guernsey Financial Services Commission issued a lending, credit and finance consultation paper in July 2017 and Mr Falla predicted that some form of licencing regime would be introduced in the next 18 to 24 months which would provide much overdue greater protection for consumers.

 If you need a loan then Falla Ingrouille are the logical choice. You can contact them using the contact details on their feature page here at thebestof Guernsey, or apply for a loan online at this link.