Commercial
Bridging
Second Charge
Development
Mortgages

Latest News

Crystal News

Crystal Specialist Finance releases record Quarter One figures

Thursday 30 Apr 2015

First financial announcement following recent company rebrand

Crystal Specialist Finance has issued terms on over £213m worth of business in the first quarter of 2015, a full 49% increase on the same period last year.

Covering the period January to March, the Midlands-based, independent, whole-of-market commercial packager, which operated previously under the name Crystal Mortgages, did see a 2% drop in completion numbers with the small decline more than offset by the sharp rise in applications.

Deal highlights included a £750k development loan for a reality television star, £1.2m bridge for a Kyrgyzstani national looking to purchase the stock and trademark of a UK whiskey business, and a commercial term loan to assist with a purchase of a closed library for the mortgage broker to owner occupy.

The company had a record year in 2014 with the business issuing terms of £664.3m worth of business, a full 38.7% increase on 2013, which was further complemented by a 33% rise in completions.

Joe Breeden, managing director of Crystal Specialist Finance, said: "Putting the fantastic Q1 performance to one side for a moment, the deal highlights really cement the reason for the company rebrand, and that is our ability to secure highly specialist deals as well as secure the best options on standard applications.

"In the last three month I would say we have had over 100 applications which are classed as out of the ordinary, and in nearly every single case we have secured finance at very good rates. Our message to brokers is that difficult cases shouldn't be shelved, they should be sent to a professional agency who will assist."

Crystal Specialist Finance, which operates in England, Scotland and Wales, rebranded in April 2015 and has created five core divisions: Mortgages, Bridging, Commercial, Development Funding and Second Charges. Each team is headed by an existing senior member with experience in each respective field.

The company has access to a complete range of commercial products from over 30 lenders, plus its own exclusive funding lines.

Breeden continued: "I am genuinely looking forward to announcing the second quarter results, the new name is in the public domain and supported by a level of marketing activity that we have not undertaken before.

"If we can build on the areas which have almost operated under the radar until now, as well as increase our standard business, there is no doubt in my mind that 2015 will be another record year."

Crystal Mortgages Defines Market Position with Specialist Rebrand

Thursday 16 Apr 2015

Company to relaunch immediately as Crystal Specialist Finance

Crystal Mortgages has rebranded to Crystal Specialist Finance, with the company highlighting five distinctive divisions to offer specific expert advice and products to brokers and networks.

The Midlands-based, independent, whole-of-market business, which operates in England, Scotland and Wales, has identified its core markets as Mortgages, Bridging, Commercial, Development Funding and Second Charges. Each team is headed by an existing senior member with experience in each respective field.

Crystal Specialist Finance recently released their 2014 results with the business issuing terms of £664.3m worth of business, a full 38.7% increase on 2013, which was further complemented by a 33% rise in completions.

The business also appointed Damien Druce as Head of Distribution and Development to secure exclusive broker relationships, and recently entered into a preferred partnership agreement with The Right Mortgage and Protection network which was founded by former PTFS Chairman, Martin Wilson.

Crystal Specialist Finance has access to a complete range of commercial products from over 30 lenders, plus its own exclusive funding lines.

Joe Breeden, Managing Director of Crystal Specialist Finance, said: "The business was founded 36 years ago, since which time Crystal has established itself firmly as a quality name in the commercial finance packaging sector through an unwavering dedication to customer service and product sourcing.

"However the name had become constrictive over the last decade as we moved into new segments and brought leading industry figures in to establish and expand new offerings.

"The rebrand combines the best elements of our company; Crystal with its history and reputation, and Specialist Finance to bring to highlight the full depth and breadth of our offering.

"I look at the business today and know that our product offering is among the best in the market, if not one of the best. Alongside a dedicated, professional team, a full marketing function, and backed by a strong balance sheet, we are in a position to grow rapidly over the coming months and years."