Simplybiz Mortgages has reported “strong growth” for last year in both its total lending and overall market share.
Both financial metrics, which were published as part of its parent company Fintel’s FY24 results, revealed an increase in Simplybiz Mortgages’ market share from 4.50% in 2023 to 4.68% in 2024.
Simplybiz Mortgages also reported a rise of 3.72% in its total lending figures, growing from £22.9bn in 2023 to £23.7bn in 2024. The firm said this had demonstrated an “outperformance of the overall lending market”, which dropped by 0.86% during 2024.
A subsidiary business of Fintel, Simplybiz, which includes the Simplybiz Mortgages brand, supports 3,000 intermediary firms with regulatory and business support while providing product distribution support to over 400 financial institutions.
CEO at Simplybiz Mortgages, Martin Reynolds, commented: “We’re pleased to report such positive performance from Simplybiz Mortgages, especially in the midst of a cautious, but recovering, market.
“The whole team works hard to ensure we listen to feedback from our members and provide solutions that help them deliver the best service to their clients. This year-on-year growth is indicative of our position at the forefront of the sector, and our objective of delivering better financial outcomes to all.”
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