Specialist and buy-to-let lender Fleet Mortgages yesterday celebrated its fourth birthday, having launched on 17 September 2014.
The lender has seen significant growth over that period, now boasting a loan portfolio of £1.2bn and after eight months of 2018 has already surpassed 2017’s origination volume for the entire year, while having no accounts in arrears.
Furthermore, in terms of workforce, since the end of 2015 the firm has grown by more than 50%, now having 97 employees.
Fleet Mortgages continues to focus on the buy-to-let market, offering product options across three core sectors - standard, limited company and houses in multiple occupation. It is specifically focused on providing mortgages to portfolio and professional landlords and recently announced that two-thirds of its purchase mortgage applications were now via limited companies.
Commenting, Fleet Mortgages CEO Bob Young said: “Reaching our fourth birthday may not appear to be a ‘milestone’ moment but for all of us involved in Fleet Mortgages – especially those that have been here from that first day – it undoubtedly is.
“We have come a considerable distance in four short years and we have built an excellent lender that we believe has a strong reputation for quality not just amongst the intermediary market but also within the capital markets.”
Young concluded by adding that the firm's journey “has a long way yet to run”, but “we will continue to strive to be the best we can be”.
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