Record year for Crystal Specialist Finance

Published on

Crystal Specialist Finance (CSF) has reported a record 2017, issuing terms of £2.45bn, a rise of 26% on the previous year.

The value of completions was up 54.9%, completion numbers up 44.8% and applications up by 23.9% compared to 2016.

CSF issued terms with 59 lenders and completed deals with 46, including both high street and challenger banks.

Jo Breeden (pictured), managing director of CSF said: “The finance industry has had a challenging 12 months, with stamp duty changes and new PRA guidance changing the regulatory landscape. Above this there has been the well documented uncertainty in the economy post-Brexit, so we knew we needed to adapt to grow.

“Through a process of comprehensive education, both with staff internally and with brokers through our roadshows and marketing, we have been able to address these changes and position ourselves as true experts in our field and a go-to resource for brokers for their specialist finance cases.

“This hard work has been mirrored in our 2017 results, which are truly exceptional. We can categorically state that we are now one of the biggest specialist distributors in the UK, and we will continue to develop and expand our business so we continue to achieve year-on-year growth regardless of market conditions.”

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

Mortgage industry scheme for Armed Forces leavers gains momentum

A new initiative designed to encourage Armed Forces personnel into careers across the mortgage...

Hot weather prompts homeowners to rethink cooling costs and property choices

Rising temperatures are prompting more UK homeowners to invest in cooling measures, while growing...

The West Brom promotes Gareth Madeley to chief customer officer

West Brom Building Society has appointed Gareth Madeley as its new chief customer officer,...

Industry leaders unite behind MIMHC Lunch

HSBC UK, Virgin Money, Nottingham Building Society, Landbay and top broker firms Mortgage Advice...

Santander raises foreign national mortgage lending to 90% LTV

Santander UK has expanded its foreign national mortgage policy by increasing the maximum loan-to-value...

Latest publication

Other news

Mortgage industry scheme for Armed Forces leavers gains momentum

A new initiative designed to encourage Armed Forces personnel into careers across the mortgage...

Hot weather prompts homeowners to rethink cooling costs and property choices

Rising temperatures are prompting more UK homeowners to invest in cooling measures, while growing...

The West Brom promotes Gareth Madeley to chief customer officer

West Brom Building Society has appointed Gareth Madeley as its new chief customer officer,...