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Together completes first regulated bridging deal

Monday 15 Feb 2016

Together has completed its first regulated bridging deal with Crystal Specialist Finance, after recently launching a new product with a group of pilot packagers.

The first case, completed on 12th February, was a loan for £400K to help a customer purchase a new residential property before their current property was sold, and the funding was delivered in just 48 hours.

Together’s sales director Gary Bailey commented: “We’re constantly reviewing our products and looking at opportunities to expand our offering, so we’re thrilled that our new regulated bridging product is already delivering results. The bridging sector enjoyed strong growth last year and we hope that with this new proposition, we’ll be able to assist even more customers looking for fast and flexible finance solutions, through our network of intermediaries.

“The speed with which we were able to turn this around is thanks to the excellent packaging provided by Crystal Specialist Finance, who have worked in partnership with us on the pilot programme, and we look forward to further shared business.”

Jo Breedon, managing director of Crystal Specialist Finance added: “We were pleased to be selected by Together to take part in the pilot scheme for their new product and were delighted by the fast turnaround on this case, which is testament to our strong partnership and mutual commitment to delivering the best outcome for the customer.”

Find out more about Together at: www.togethermoney.com

Crystal Specialist Finance achieves one billion issued terms in 2015

Tuesday 09 Feb 2016

Crystal Specialist Finance has reached a major milestone having issued terms on over £1bn worth of business in 2015, marking a massive 62% increase on 2014’s previous record year.

From October to December the company issued terms of £316.2m – a full 55% up on the same period last year – bringing the total annual figure to £1,074m.

Further highlighting the rapid growth of the business, completions throughout the year rose by 51% while enquiries were up 54%.

Deal highlights included a £2.2m refinance for an offshore company to avoid repossession and a £470k short-term loan which took just 15 hours from enquiry to drawdown.

Crystal Specialist Finance rebranded in April to highlight its whole of market offering across five core divisions: Bridging, Commercial, Development Funding, Second Charge Loans and Specialist Mortgages.

Jo Breeden, Managing Director of Crystal Specialist Finance, said: “Our aim in 2015 was to beat last year’s issued terms figure by 10%, but given the numbers in the first two quarters this forecast was revamped and I challenged the team to hit £1bn. This huge achievement is here for all to see.

“The rebrand has been hugely successful, brokers now fully understand our ability to secure highly specialist deals as well as secure the best options on standard applications. The numbers are up across all business sectors, bar none.

“The challenge now is to complete more business and continue the sharp upwards trend. January’s figures have surpassed those from last year, and we will continue to invest in all the right areas to ensure our service proposition continues to deliver on every promise and we individually service every application.”

Crystal Specialist Finance operates in England, Scotland and Wales. The company has access to a complete range of commercial products from over 70 lenders, including exclusive lines.

Contact our team of financial experts today to see how we can help you convert more business: 01827 301 070 or email info@crystalmortgages.com

Crystal Specialist Finance launches Packaging Portal to streamline completion times

Thursday 04 Feb 2016

Crystal Specialist Finance (CSF) is giving brokers more control of commercial applications with the Packaging Portal, which allows direct access to a select panel of lenders' documentation to streamline completion times

Brokers can select the product type, view the selected lender’s product guide and complete the application forms for submission to CSF’s dedicated applications team. In turn this means brokers still have direct access to semi-exclusive products while removing the need to complete extra documents.

Jo Breeden, Managing Director of CSF, said: “At the launch of our eSource platform we stated that technology would become more accessible to brokers and give greater access to the mortgage, secured loan and bridging markets. The Packaging Portal is an extension of that philosophy, utilising online forms to remove repetition and streamline the process while still benefitting from our market expertise and unimpeachable service levels to bring more applications to completion, quicker.”