EQUIS has revealed that its members wrote loans worth over £1.1 billion in 2015, representing an increase of 30% from 2014.
The specialist distribution and packager alliance, which launched in February 2014 and consists of AToM, Brightstar, Complete FS and Solent Mortgage Solutions, wrote a total of 5,147 cases worth £1,151,103,801. This is up from 2014, where it wrote 4,670 cases (up 10%) and £877,986,845 worth of business (up 30%).
EQUIS has also published the breakdown of products its members sold during 2015. Buy-to-let represented 39% of loans, residential 36%, second charge 12%, bridging 8% and commercial lending 5%.
A spokesperson for EQUIS said: “In two years the EQUIS group members have written more than £2bn of mortgage loans. During this relatively short period, four important factors have driven our growth: first, the commitment from lenders of all product types to deliver market leading packaged products; second, the support of increasing broker numbers who value the products and (importantly) the service that we provide in order to ensure that loans are underwritten and completed as quickly as possible; and third, our ability to offer a comprehensive range of products including second charge, bridging and commercial.
“Finally our commitment, via the EQUIS Code of Conduct, to support our introducers, regulator and lenders in identifying the most appropriate lending solution.”
