Chief Executive Officer, Bob Young, said that the management team is "acutely aware of the product spaces and sectors where Fleet Mortgages can provide what intermediaries and their clients are looking for".
He added that the firm is currently formulating plans to expand into "some very exciting areas".
The lender has also announced continued growth in its lending volumes and a further expansion of the business in terms of recruitment. In February Fleet Mortgages’ mortgage completions were 39% up on its target for the month, and it has seen a 10% increase in staffing levels since the start of the year.
It has also announced the first in a series of product and criteria changes that will be rolled out over the next few weeks. First up, following intermediary feedback, is a series of product changes that includes prices cuts across its individual, limited company and HMO/Multi-unit block buy-to-let range.
Fleet confirmed that to beat the stamp duty changes, all products which are part of the older range will still be available for decision-in-principles up until 5pm on Wednesday 9th March and full mortgage applications until close of business on Friday 11th March.
Bob Young, Chief Executive Officer of Fleet Mortgages, commented:
“The start of 2016 has seen a great period of growth for us as a lender as we continue to grow our business volumes over the period and are already well up on our targets for lending. The increase in demand for our products, particularly in the limited company space but also right across the range, has been very pleasing and following further intermediary feedback, and because of the unique way we secure our funding, we can now offer further price cuts across the full range of our fixed-rate products.
“To our mind, we are now firmly placed as one of the fastest growing lenders in the marketplace and we are therefore able to look seriously at other mortgage sectors to see how we might bring our quality and experience to bear here. The experience of the management team – we have perhaps the longest serving management team in the mortgage market – is such that we are acutely aware of the product spaces and sectors where Fleet Mortgages can provide what intermediaries and their clients are looking for.
“Over the coming weeks we will be announcing further product and criteria changes in the buy-to-let space but we are also formulating our plans to move the proposition into some very exciting areas. Our message therefore is to watch this space.”
