Record figures posted by Crystal Mortgages

Thursday 19th July 2012

Crystal Mortgages has posted record figures for the second quarter of this year.

The Walsall-based firm issued terms on over £80m worth of business between April to June, a 29% increase on the £62m issued in the same period last year.
 
Applications rose 8%, although the average loan size dropped 14% to £227,215 from £263,592.

For the first six months of the year the company has issued terms on £167m worth of business, compared to £141m last year.

Roger Dewsbery, senior underwriter at Crystal Mortgages, said: “More than ever, people are finding it harder to place business with their own banks, and they are turning to quality, independent whole-of-market establishments to provide funding, a situation which suits us well.

“One key example is our move into the specialist buy-to-let market, which we entered at a time when most lenders were restricting their products. Since June 2011 we have issued terms on over £25m worth of applications and the monthly application stream shows no signs of abating.”