Record quarterly completions for Crystal Specialist Finance

Published on

Crystal Specialist Finance (CSF) agreed £503.1m in applications from July to September.

The latest figure, which is just under of £509.7m worth of business issued from April to June, marks an 81% increase on the same period in 2015.

September also saw a record number of completions for CSF, and the business was selected as preferred specialist distributor partner for the commercial and bridging markets for HLPartnership (HLP).

This comes despite the average loan application being 2% lower than the same quarter in 2015, which the business associates to the recent financial regulation changes and the EU referendum result, all of which brought uncertainty to the market.

Jo Breeden (pictured), managing director of CSF, said: “There has been several well-documented legislative factors which has made this year, and indeed the last quarter, a very challenging trading environment.

“After the Mortgage Credit Directive (MCD), Stamp Duty Land Tax (SDLT) and the EU referendum there was a visible, albeit small drop-off in demand but each time this quickly recovered and is reflected in our excellent performance.

“A large swathe of credit must go to the team who focused on an educational marketing drive to ensure brokers understood the changes and how it affected them and their customers, and this coupled with our reputation for service and delivery is cementing our position as the market’s specialist distributor of choice.”

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

Chancellor presses lenders to expand support for borrowers ahead of rate resets

The government has secured fresh commitments from major lenders to step up engagement with...

Suffolk BS tops £800m in mortgage assets after strong 2025 growth

Suffolk Building Society has passed £800m of mortgage assets for the first time after...

UTB eases mortgage and second charge processes with criteria changes

United Trust Bank (UTB) has introduced a series of service and criteria changes across...

Foundation returns with revised buy-to-let and residential mortgage range

Foundation has returned to the market with a revised product range across both buy-to-let...

The Buckinghamshire launches new discounted rate range

Buckinghamshire Building Society has launched a new discounted rate mortgage range, giving brokers greater...

Latest publication

Other news

Chancellor presses lenders to expand support for borrowers ahead of rate resets

The government has secured fresh commitments from major lenders to step up engagement with...

Suffolk BS tops £800m in mortgage assets after strong 2025 growth

Suffolk Building Society has passed £800m of mortgage assets for the first time after...

UTB eases mortgage and second charge processes with criteria changes

United Trust Bank (UTB) has introduced a series of service and criteria changes across...