Just over half of those applications were for remortgages, demonstrating the relative health of this sector of the mortgage market and Finance Planning’s on-going commitment to look after their clients.
Terry McCutcheon, CEO of The Finance Planning Group said:
“We’re very pleased with these numbers considering what a torrid time the economy is experiencing. Particularly given the UK mortgage market only grew around 3% over the same time period.
"Buy-to-let mortgages seem to be going pretty well as is the first time buyer market. We expect even stronger growth this year, but that will no doubt be amongst tough conditions.”
20.2% of mortgage applications arranged were for buy-to-let mortgages and 14% for first time buyers. The level of protection policies arranged remained relatively static, with a 2% increase, totalling £2.3m APE.
The Finance Planning Group is taking on new advisers and has recruited 10 people in the past 12 months.
