Crystal Mortgages has reported its 12th successive quarter of growth.

Between April to June the Walsall-based company issued terms on £174.8m, up £93.9m on the same period last year.

This brings the total terms already issued this year to £317.8m against a total of £479m for the whole of 2013.

In addition, completions are up 144% year-to-date, with the company utilising over 20 lenders and achieving an average mortgage completion time of 3.5 months from application.

Joe Breeden (pictured), managing director at Crystal Mortgages, said: “We began releasing quarterly figures at the start of 2011 to prove to the commercial market that finance was available through alternative routes, not only has this message been heard loud and clear, these figures prove that the packaging market is being embraced.

“At our current rate of growth, and with the stream of new products coming to market, we will match our total terms issued in 2013 by the end of quarter three, our completions will continue to rise and the number of lenders we utilise will have increased further.

“Above this we remain true to our independent beliefs whereby all applications will be thoroughly assessed by a professional, with the remit to find the best product to save the customer money.”