Jo Breeden

Crystal Specialist Finance celebrates record year

Crystal Specialist Finance is celebrating a record 2018 following the successful roll-out of its new IT solutions.

Throughout 2018, the business issued terms of £2.33bn from 87 high street and specialist lenders, and completed with 53, against 59 and 46 respectively in 2017.

Crystal saw completion value rise by 40% in the same period, with applications reaching drawdown up 18%, while overall application numbers were up 8% compared with 2017.

“Through the use of intuitive IT, we are able to ensure that the applications that move forward to offer have a far better chance of reaching drawdown than ever before, which naturally creates a far more streamlined and reliable service for clients,” said Jo Breeden, managing director at Crystal Specialist Finance (pictured above).

“Last year, we also completed our first deals using Open Banking, something that will definitely come more to the fore in 2019.

“The market will remain challenging over the next 12 months, but further IT solutions are being prepared, one of which we believe will change the face of specialist lending.

“All this coupled with our exceptional staff means we remain ideally placed to meet any issues head-on as we look to continue our upwards trajectory.”

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