Completions up 30% at Crystal Mortgages

Published on

Roger Dewsbery of Crystal Mortgages

Crystal Mortgages has reported a 30% year-to-date rise in completions and a 22% increase in application numbers.

From April to June 2013 terms were issued on over £80.9 million in application, slightly up on the £80.6 million from the same period last year, and based on the same periods the average loan size has reduced to £184,467 from £194,187.

The Walsall-based company has issued terms on £175.7 million this year, up 4.98% from 2012, with the company predicting further growth through quarters three and four as conversion rates improve as lenders ease product restrictions.

Roger Dewsbery (pictured), senior underwriter at Crystal Mortgages, said: “All the figures make for excellent reading, especially the large increase in completions which can be tracked back to an increasing amount of good, well received products from new and existing lenders.

“There is now more flexibility in the marketplace and applications which may have been declined 12 months ago are now finding a path through the system. Add to this an increase in consumer confidence and things look very positive for the foreseeable future.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...