PRIMIS applications rise by 30%

PRIMIS Mortgage Network has revealed the number of applications it received between April and June rose by 30% compared to the same period in 2019.

The network announced that it has has appointed 134 new advisers and 28 new appointed representative (AR) firms since the Government first announced the UK lockdown, with a further 300 applicants hoping to join the network.

PRIMIS also revealed that its product desk – which assists brokers with a variety of queries regarding mortgages, protection, general insurance and digital systems – received 7,643 queries from brokers between April and June.

This marked a 42% increase on the average number of queries that the network said its desk receives from advisers in any given three-month period during ‘normal’ market conditions, of 5,400.

PRIMIS chief operating officer, Toni Smith, commented: “During this time of uncertainty, PRIMIS’ key focus is to support its broker firms and ensure they are in pole position to help their customers with their financial needs.

“Keeping brokers updated and informed on the multiple changes in the market and their proposition is key, and ensuring they continued to feel supported and safe is also of paramount importance.

“Our product desk has also continued to deliver a phenomenal job in supporting brokers with a whole variety of queries during the pandemic; we know firms will continue to make the most of the team’s expertise long after the crisis, to help them secure positive outcomes for customers.”

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