Y3S Group has reported a record quarter of completions via its second charge brands, Y3S Loans and Chaseblue Loans.
The Cardiff-Based group brokered loan advances of £30,125,740 during September, October and November through its panel of lenders, which includes Optimum Credit, Together Money, Precise Mortgages, Prestige Finance, Shawbrook Bank and Masthaven Bank.
The average advance lent was £64,371 with an average LTV of 60.5% including the second charge loan.
Matt Cottle (pictured), group director, said: “This has been a milestone quarter after a period of significant change following the implementation of the Mortgage Credit Directive. Our brand values of speed, compliance and fairness are firmly routed within both firms and we will continue to provide the highest quality of service to our broker introducers and their clients.”
Cottle said the group was now on track to produce a “conservative and achievable” £120m of second charge loans for the current financial year.