Charter Court Financial Services, the group which includes specialist lender Precise Mortgages, has reported that its loan book was up 27.4% year-on-year in the third quarter of 2018 to £6.2 billion.

It is up 14.7% since 31 December 2017 or 25.2% excluding the impact of structured asset sales.

New loan originations totalled £0.7 billion in the quarter and £2.1 billion for the nine months to 30 September.

Meanwhile, customer deposits were up 14.1% year-on-year to £4.5 billion at 30 September 2018.

The business expects gross organic originations for the whole year to be marginally above its previous estimate of £2.7bn, and expects to deliver loan book growth in excess of 20%.

Ian Lonergan, CEO of Charter Court, said: “I am pleased to report another strong quarter as we continued to see robust demand for our specialist lending proposition leading to further balance sheet growth and returns, while maintaining exemplary credit performance. We are continuing to see solid demand for our buy-to-let and specialist residential mortgages which is feeding a strong pipeline into the final quarter of 2018.

“With our robust capital position, scalable and bespoke underwriting platform together with our sophisticated credit risk and funding expertise, we are well placed to meet or exceed all our stated full year guidance.”