Third quarter figures continue record trend at Crystal Mortgages
By Bridging Loan Directory -
Crystal Mortgages is continuing to trade at record levels with third quarter figures showing loan applications up 13 percent and fundings up 10 percent compared to the same period last year.
The company received £70m in new business applications, with £64m of terms issued from July 1 to September 30, 2011.
For the first six months of the year the business issued terms on over £69m and £62m worth of business in quarters one and two respectively, with completions up substantially in both periods.
Roger Dewsbery, senior underwriter at Crystal Mortgages, said: “The Purchase Managers Index is above 50 at 51.1, which shows that the acquisition of goods and services is growing in both the industry and construction sectors.
“Our growth forecasts for the remainder of 2011 are in-keeping with our record year-to-date, and through innovative new products and the personal touch so bereft from High Street banks, we remain wholly confident that these can be achieved and even surpassed.”
Walsall-based Crystal Mortgages is an independent commercial mortgage finance & bridging loan specialist which operates in England, Scotland, Wales & Northern Ireland.
The company has access to a range of exclusive commercial mortgage products and their own exclusive funding lines, ensuring the customer receives the best possible product.
Recent new product launches from Crystal Mortgages include:
- Sitting tenant discounts – For qualifying businesses with good accounts, the company can achieve up to 100% of the purchase price if the tenant is purchasing the premises from their landlord.
- Sector specific enhanced products – Crystal Mortgages can offer extended LTV limits and enhanced rates for professional practices including doctors, vets and pharmacies.
For more information on Crystal Mortgages and their full range of mortgage, bridging and development products, applicants can call 01922 722008 or visit www.crystalmortgages.com