Masthaven Secured Loans (MSL) has reported its best ever month.
New business in August was 26% higher than the company’s previous record month.
Jon Sturgess, head of sales at MSL, said: “The August results were extremely strong especially as the holiday period tends to see business fall away. Instead we have forged ahead. Of course, second charge lending has been strong across the board this year as more brokers are recognising its unique benefits.
“However, from the feedback I am getting from brokers, the areas in which we score most highly are flexibility on the way we look at deals and the speed of our service. Being able to access a wide and comprehensive product range including first charge and second charge bridging under the same roof is also proving very popular.
“With the in house underwriting team backed up by our onsite underwriter in the field, we are leading the way in providing the kind of support which appeals to intermediaries across the UK.”
Andrew Bloom, managing director at Masthaven Group, added: “August’s figures are a fitting reward for the hard work that everyone has put in this year. MSL is enjoying a strong year with the first two quarters being ahead of forecast and Q3 2015 shaping up to be the best ever for us. This is down to great work from the whole team.
“Clearly our proposition, based on excellent service and responsiveness to the needs of brokers and their clients, is proving to be the right recipe for success.”