Mortgage and protection network HL Partnership has revealed that its members completed over £6 billion of mortgages in 2019.
Since 2017, business volumes have increased by 50% with the number of AR firms now over 330.
The network also posted a record month in December 2019 with lending up 30% on the same period in 2018.
Shaun Almond (pictured), HL Partnership’s managing director, believes the lending figures demonstrate how well a network the size of HLP can deliver increasing volumes of mortgage business with the right combination of technology, products and compliance support.
He said: “The figures are a testament first and foremost to the fantastic efforts of our members. I have always maintained that mortgage and protection advisers, given the right support, flourish best when they can simply concentrate on talking to customers and providing the service for which they are particularly well equipped.
“Here at HLP, we have created an environment which removes the complications around compliance, provides industry leading software and access to the best mortgage deals available in the UK. In order to operate at their full potential, we believe that mortgage advisers require a dedicated service model specifically designed around their needs, and not just palmed off with support that tries and fails to cater for the needs of financial advisers from differing disciplines in more generalist networks.
“I fully expect our lending numbers to further increase this year not only from our existing members, but also because I believe that the HLP formula will attract greater interest from mortgage advisers in 2020, particularly from those who want to be able to build their businesses in a stable, supportive but independent environment.”