The Mortgage Lender has broken through the £2bn barrier for decisions in principle on residential and buy-to-let borrowing during the third quarter of 2019.
In addition to providing billions of pounds worth of instant online decisions in principle in 2019 the lender has also seen a 400% increase in applications and a 350% increase in completions year to date.
Its record performance, which has also seen staff numbers increase by 43% from 90 to 129 during 2019, follows its first UK mortgage-backed securitisation of residential assets for £238.5m and paves the way for further deals in 2020.
Peter Beaumont (pictured), The Mortgage Lender deputy chief executive, said: “2019 has been a record year for The Mortgage Lender in every sense. Through the hard work and dedication of our highly experienced team we’ve seen record levels of demand for our products through increases in decisions in principle, applications and completions.
“We’ve done this through competitive and innovative product design, closer relationships with our broker partners, investing in our people and our stand-out brand.
“This puts The Mortgage Lender in a strong position as we formulate our strategy for 2020 and beyond.”
