Pictured: Roger Dewsbery, senior underwriter at Crystal
Mortgages
Crystal Mortgages has hailed 2011 as a defining period in the
company's growth, with terms issued on over £250m of new
business applications and completions up 37 percent
year-on-year.
Figures from the Walsall-based firm also reveal the average loan
size was down from £230,038 in 2010 to £209,965 in
2011, but the reduction was more than compensated by a 13 percent
year-on-year increase in applications.
The largest completion size in the year was £1,177,500,
with an average turnaround from application to funding of only 35
days.
Commercial remortgages remained the product most applied for,
with the newly launched buy-to-let packaging products making a
significant contribution to the year-end results.
Roger Dewsbery, senior underwriter at Crystal Mortgages, said:
"These figures are nothing short of outstanding, and represent one
of the best year's performance in the company's history.
"Our main aims have been to improve our existing finance and
bridging loan products while entering markets where funding has
been nigh-on impossible to secure. We have achieved these goals
while retaining the diligence and personal touch bereft from High
Street banks.
"The challenge is to raise the bar again in 2012, and we have
the staff, products and development stream to realise an even
better year."
For more information on Crystal Mortgages and their full range
of mortgage, bridging and development products, applicants can call
01922 722008.