Crystal Mortgages has reported a strong third quarter, having issued terms of £460m year-to-date against £479m for the whole of 2013.
Between the months of July to September the commercial finance specialist issued terms on £142.2m worth of applications, with completions across the plus 300 product portfolio up 168% against the same period last year.
Deals during the quarter included a short term loan for an overseas company purchasing a student investment block in Leicester for £3m, a commercial mortgage to assist with the purchase of a trading caravan park with strong financials for £2m and a £3m development loan on 14 residential units in south Manchester.
Joe Breeden (pictured), managing director at Crystal Mortgages, said: “The fact we could break the half-a-billion mark for terms issued for the first time in the company’s trading history is driving everyone in the business to surpass their targets.
“The large increase in figures across the board has been achieved while enquiry numbers remain broadly in line with 2013, ultimately meaning that lender appetite and product availability, from challenger banks in particular, has amplified which in turn has boosted conversion.
“We are in a very privileged position to access these funds and offer products which may herewith to be otherwise unavailable, and that is why our levels of customer service and ability to judge each application on a personal case-by-case basis will always our most valuable assets.”
