Jo Breeden

Crystal issues £2.45bn of terms in 2017

Crystal Specialist Finance (CSF) has announced that it issued terms of £2.45bn in 2017, representing a 26% increase on 2016.

The specialist finance distributor reported that the value of its completions had risen by 54.9%, while completion numbers were up by 44.8%.

In addition, applications increased by 23.9% compared with 2016.

Jo Breeden, managing director of CSF (pictured above), said: “The finance industry has had a challenging 12 months, with stamp duty changes and new PRA guidance changing the regulatory landscape. 

“Above this, there has been the well-documented uncertainty in the economy post-Brexit, so we knew we needed to adapt to grow.

“Through a process of comprehensive education – both with staff internally and with brokers through our roadshows and marketing – we have been able to address these changes and position ourselves as true experts in our field and a go-to resource for brokers for their specialist finance cases.”

Last year, CSF completed a bridging loan shortly before Christmas in just two days and a £2.2m bridging loan on a property in Ireland.

It has issued terms with 59 lenders and completed deals with 46, including both high street and challenger banks.

“This hard work has been mirrored in our 2017 results, which are truly exceptional,” added Jo. 

“We can categorically state that we are now one of the biggest specialist distributors in the UK, and we will continue to develop and expand our business so we continue to achieve year-on-year growth regardless of market conditions.”

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