Mixed third quarter at Crystal Mortgages still results in record figures

A SLOW August has been offset by a record September at Walsall-based Crystal Mortgages. The commercial finance specialist issued terms on £60.3m of new business in the third quarter.

The figure means that more than £227.7m has been issued this year, an 18% increase against the corresponding period in 2011, meaning the company is performing at its best levels since 2008.

During the period the deal highlight was a commercial re-mortgage that was completed in just 14 days and allowed an applicant to inject necessary working capital into a start-up modelling agency in London.

Roger Dewsbery, senior underwriter at Crystal Mortgages, said: “It was a difficult quarter, and in line with the sector August was a very slow month, more so than usual. That said we had a good July and bounced back spectacularly in September, meaning we continue to trade at record levels.

“We expect our figures in the final quarter of the year to remain steady as the economy continues to fluctuate, and to achieve this we will continue to offer a full personalised service and range of products that are just not available anywhere else in the marketplace.”