Y3S acquire Chaseblue Loans

As well as packaging secured loans for the clients of UK mortgage brokers and IFAs, both Chaseblue and Y3S also provide tailor-made bridging and commercial financing options for clients of their financial intermediaries.  

Chaseblue will continue to trade as a separate entity from its existing offices with director Ben Gillespie at the helm.

Y3S Group has more than doubled its profits year on year since 2011. The new corporate structure will account for £6m of second charge loan completions per month, introduced purely via intermediaries.

Barney Drake, Director of Y3S said:

“We were attracted by the promising growth of Chaseblue under the directorship of Ben Gillespie, which fits into our portfolio and growth strategy. We are looking forward to progressing our expansion plans by working closely with the superb team at Chaseblue”.

Ben Gillespie, Director of Chaseblue said:

"This opportunity made perfect sense for Chaseblue. We have made profit in every year we have traded, including those barren years of the credit crunch. We have done so by offering an honest, transparent and fair service to both our clients and introducers. We now get to draw upon the expertise of the biggest B2B broker in the market, this knowledge and experience will allow us to fulfill our planned growth faster and more effectively than before".

Nigel Greenaway, Director at Greenaway Scott in Cardiff led the transaction and said:

“It was a pleasure working with Y3S Group on this strategic step in their growth plans and very much look forward to the future and working with the company.”