Crystal Specialist Finance reports record quarter

Published on

Crystal Specialist Finance has hailed its rebrand earlier in the year as a success.

It issued terms on over £400.5m worth of business in the first six months of 2015, a 26% increase on the same period last year.

From January to June, the company has reported large increases across the all key indicators with completions rising by 32%, applications by 27% and enquiries by 26%.

It also reported another record quarter in the company’s 36-year history; between April to June the company issued terms on over £268.5m worth of business.

The Tamworth-based, independent packager previously operated under the name Crystal Mortgages, but rebranded in April to highlight its whole-of-market offering by creating five core divisions: mortgages, bridging, commercial, development funding and second charges.

Joe Breeden (pictured), managing director of Crystal Specialist Finance, said: “Our aim in 2015 was to increase the £664.3m worth of business we issued last year, and all key indicators, by circa 10%. These figures have now been recalculated based on our extraordinary performance to date.

“The rebrand has been more successful than we could have hoped, brokers now fully understand our ability to secure highly specialist deals as well as secure the best options on standard applications. The numbers are up across mortgages, bridging, commercial, development funding and second charges, bar none.

“With the investment in the new office and our commitment to employ 20 people over the next 12 months – of which five key appointments will be made over the next quarter – we are in the strongest possible position to maintain our growth trajectory.”

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

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...