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Stonebridge Group has announced strong yearly and monthly growth for the first quarter of 2015.

The mortgage and insurance network said it had seen rapid rises both in the number and value of mortgages.

The number of mortgage completion cases for the first three months of 2015 were up 59% on the same quarter last year, while the value of those cases rose 62%.

Stonebridge also posted its best month ever in terms of both the number of completed mortgage cases and their value in March this year.

The number of cases in March rose 60% on February and 19% on January.

Similarly, the value of those cases increased 62% on February and 23% on January.

Despite the strong figures, overall growth for quarter one was slightly down on the first three months of 2014, in line with a slowdown across the wider mortgage market.

Stonebridge added 51 appointed representatives last year, an increase of 22% on 2013.

Managing director Richard Adams said: "Once again we are able to show a very significant level of growth in the number and value of mortgages cases completed by our AR firms.

"It is perhaps no surprise that our mortgage business levels have developed in such a way given the number of new AR firms within the network over the time period.

"However it is also clear that our ongoing growth is much to do with increased productivity at an individual firm level.

"Our year-on-year improvement reflects this and we believe it is notable that we have achieved a record month for March given the slight pull-back in activity during January and February."

Stonebridge did see a dampening of demand in the first couple of months of this year, but Adams said March indicated activity would improve, especially once the general election was over.

"We are very positive about business activity during the rest of the year and are actively looking to recruit new AR firms while continuing to provide a very high level of support, and access to business opportunities, for both new and existing members."

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