Complete has seen an increase in enquiries across all business areas, but particularly in specialist BTL mortgages, bridging and secured loans.
According to director, Tony Salentino, one of the key reasons for the upturn is the role Complete FS plays between product providers and intermediaries.
He said, “The market is definitely cyclical. Since the credit crunch the market for lending contracted and the need for packagers reduced. However, the emergence and growth of new lenders in all sectors and their need to have access to new distribution and administrative support, means that the role of distributors like Complete is becoming more important and is once again demonstrating real added value to both the product provider and intermediary.
Tony added, “We have the knowledge and relationships we have gained over the last 20 years dealing directly with the lenders is invaluable. This is almost impossible for brokers wishing to go direct to replicate. Our ratio of application to completion is outstanding and like the intermediaries we support, we are only paid on results by the providers. A win:win situation for all parties concerned and no doubt a model which will without question grow in 2013 as we start to see providers looking to lend a little more without wanting to increase internal resource.”
