Crystal Mortgages reports record start to 2012

WALSALL financial specialist Crystal Mortgages has reported record figures across the board for the first quarter of 2012.

Terms were issued on £87m of new business applications from January to March, compared to £69m in the corresponding period in 2011, with completions up 37% and applications up 36% year-on-year.

The average loan size also increased to £262k from £209k, with the largest deal during the period a £1.6m refinance of a mixed use commercial property portfolio.

Roger Dewsbery, senior underwriter at Crystal Mortgages, said: “Last year was a defining moment in the growth of the company, not just in terms of outstanding figures, but getting the right staff and products in place to keep moving forward apace.

“The excellent first quarter results reflect our hard work and commitment to businesses throughout the UK.”