Charter Court reports 27.4% loan book growth
Charter Court Financial Services

Charter Court reports 27.4% loan book growth

Charter Court Financial Services Group PLC has reported that its loan book grew to £6.2bn during Q3 2018, up 27.4% on the same period last year.

The company – which operates through its three brands: Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank – announced new loan originations of £700m in Q3 2018, and £2.1bn for the nine months to 30th September 2018.

It also revealed that its total mortgage balances of £6.2bn were generated through its relationship with more than 21,000 registered introducers nationwide.

Charter Court expects gross organic originations to be marginally above its previous guidance of £2.7bn for the 2018 financial year.

In addition, it hopes to deliver loan book growth in excess of 20% during the year.

“I am pleased to report another strong quarter as we continued to see robust demand for our specialist lending proposition leading to further balance sheet growth and returns, while maintaining exemplary credit performance,” said Ian Lonergan, CEO at Charter Court (pictured above). 

“We are continuing to see solid demand for our buy-to-let and specialist residential mortgages, which is feeding a strong pipeline into the final quarter of 2018.

“With our robust capital position, scalable and bespoke underwriting platform together with our sophisticated credit risk and funding expertise, we are well placed to meet or exceed all our stated full-year guidance.”

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