02/05/2008 - SimplyBiz Bucks the Mortgage Trend
SimplyBiz have announced that the lending of its mortgage club (SimplyBiz Mortgages) increased by 20% in terms of loans and 19% by numbers in the first quarter of this year, compared to the same period last year. This is in stark contrast to a reported fall in the total mortgage market of up to 50%.
At a time when negative news dominates the mortgage market it is encouraging to see positive results from a leading player.
Philip Holroyd, Joint Managing Director, commented:
“Everyone knows how difficult the mortgage market is currently but it is very pleasing to see our member firms bucking the trend. The reasons are twofold – firstly, our member firms clearly see the advantage of supporting their mortgage club and secondly, as holistic advisers, they are still able to satisfy their clients’ needs and adapt to difficult times.”