Brightstar Financial has surpassed £1 billion in lending in four years.
The loan that took Brightstar over the £1 billion mark was a £430,000 bridging loan introduced by Louise Oliver, a broker with Mortgage Advice Bureau, and placed with Precise Mortgages.
Brightstar achieved its half a billion 15 months ago in July 2014. It claims that demand for its services are growing to such an extent that it has increased staff numbers by 68% in the past year and just two months ago launched a new division for development finance loans. It also achieved regulation just a month ago in October.
Rob Jupp (pictured), CEO of Brightstar said: “Managing £1billion of lending in just four years is a huge achievement and one that everyone in Brightstar should be rightly proud of. I would also like to say thank you to all of the brokers and the lenders that we work with and without whom this wouldn’t have been possible.”
“From a standing start Brightstar has made a significant impact on the specialist lending industry,” added Peter Brodnicki, CEO of Mortgage Advice Bureau. “By listening to what brokers expect from a specialist distributor they have really started to shake up the standards in the market.
“This first billion will just be the start, I expect Brightstar to continue to go from strength to strength capitalising on the growing market and increasing its market share by delivering an outstanding intermediary service.”