Crystal Specialist Finance reports bumper first quarter
Crystal Specialist Finance has issued terms on £401m worth of business from January to March this year as it saw a 96% increase in business levels.
During the same three months completions rose by 153% across over 30 different lenders and the business extended its strategically important panel partnership agreement with leading network, The Right Mortgage.
Deal highlights include the completion of its first regulated bridging loan with Together – £400k to help a customer purchase a new residential property before their current property was sold – and a £2.49m HMO portfolio refinance in Oxford.
In February Crystal Specialist Finance reported a ‘a major milestone’ with issued terms on over £1bn worth of business in 2015, a figure Managing Director Jo Breeden readily expects to surpass this year.
He said: “The infrastructure we have put in place over the last 12 months is paying dividends – from our ever-growing lenders’ panel which naturally increases product availability, better industry presence across our five core divisions and key personnel and systems advancements across sales, marketing and IT.
“We will continue to grow at a fast, yet totally manageable rate so long as the customer and the betterment of service levels remain at the core of each and every decision. This will naturally increase new business applications and brand perception, and everyone associated with the business ultimately wins.”
Crystal Specialist Finance rebranded in April 2015 to highlight five specialist core divisions: Bridging, Commercial, Development Funding, Second Charge Loans and Specialist Mortgages. Operating across England, Scotland and Wales, the company has access to over 70 lenders, including exclusive lines.