Commercial
Bridging
Second Charge
Development
Mortgages

Latest News

Crystal News

Crystal Specialist Finance targets one billion issued terms in 2015

Thursday 29 Oct 2015

Record third quarter places business firmly on target for unprecedented year

Crystal Specialist Finance has surpassed its entire issued terms figure for 2014, and plans to hit one billion in 2015 after revealing another record quarter.

From July to September, the company issued terms of £276.3m bringing the year-to-date figure to £757.8m. This marks a 14.1% increase on last year’s annual total of £664.3m.

The quarter was further boosted with new business up 68% and completions rising a record 65% against the same quarter last year.

The Tamworth-based specialist finance experts, who previously operated under the name Crystal Mortgages, 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: “This time last year I announced that we were aiming to reach half-a-billion issued terms in 2014, to stand here 12 months later and speak of reaching a full one billion in a calendar year is nothing short of exceptional.

“The rebrand has been a magnificent catalyst for growth, numbers are up across the board as our core areas are highlighted through all marketing avenues. Add to this a #backingbrokers campaign which highlights our service delivery promises to our customers, and we have a very strong business proposition.”

Crystal Specialist Finance operates in England, Scotland and Wales. The company has access to a complete range of commercial products from over 80 lenders, including exclusive products.

Crystal Specialist Finance launches eSource online sourcing system for brokers.

Friday 18 Sep 2015

Company urges intermediaries to adopt digital technology to maximise point-of-sale business

Crystal Specialist Finance has launched eSource as its combined mortgage, secured loan and bridging online sourcing system for brokers, and urged intermediaries to adopt digital technology to maximise point-of-sale business.

eSource, which can be accessed on any operating system or device, is being rolled out immediately, with users able to register for the system via a dedicated portal at < http://esourcenow.co.uk/.

The free-to-use system, which has been developed by Twenty7Tec, delivers whole-of-market searches for the three product types, enabling brokers to produce an immediate comparison of available mortgages versus secured lending options, which ensures compliance with March 2016’s Mortgage Credit Directive.

All results are submitted to the Crystal Specialist Finance to process and take to the lender, ensuring that the personal approach with the business is maintained while knowing the customer is secured.

The Tamworth-based, independent packager previously operated under the name Crystal Mortgages, but rebranded in April to highlight its whole-of-market offering by creating five core divisions: Mortgages, Bridging, Commercial, Development Funding and Second Charges.

Jo Breeden, Managing Director, said: “We are always looking at ways of improving our service offering, and technology will doubtless become a key driving force in the brokering industry as it did in the consumer market, as shown in the residential and insurance sectors.

“With the launch of eSource we are looking to make this seemingly difficult market open and accessible. We are delighted to be working with Twenty7Tec and the team as they understand the sector, and more importantly how technology can be a true value-added tool with immediate commercial benefits.”

James Tucker, Managing Director of Twenty7Tec, added: “We are excited to have the opportunity to work with such a dynamic and rapidly growing organisation as Crystal, who absolutely understood from the outset the benefits that great technology can bring to their business.”

Crystal Specialist Finance has hailed its rebrand earlier in the year as a success.

Friday 24 Jul 2015

Thursday 24th July, 2015

It issued terms on over £400.5m worth of business in the first six months of 2015, a 26% increase on the same period last year.

From January to June, the company has reported large increases across the all key indicators with completions rising by 32%, applications by 27% and enquiries by 26%.

It also reported another record quarter in the company’s 36-year history; between April to June the company issued terms on over £268.5m worth of business.

The Tamworth-based, independent packager previously operated under the name Crystal Mortgages, but rebranded in April to highlight its whole-of-market offering by creating five core divisions: mortgages, bridging, commercial, development funding and second charges.

Joe Breeden (pictured), managing director of Crystal Specialist Finance, said: “Our aim in 2015 was to increase the £664.3m worth of business we issued last year, and all key indicators, by circa 10%. These figures have now been recalculated based on our extraordinary performance to date.

“The rebrand has been more successful than we could have hoped, 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 mortgages, bridging, commercial, development funding and second charges, bar none.

“With the investment in the new office and our commitment to employ 20 people over the next 12 months – of which five key appointments will be made over the next quarter – we are in the strongest possible position to maintain our growth trajectory.”

Crystal Specialist Finance sets South East targets for new BDM

Thursday 11 Jun 2015

Thursday 11th June, 2015

Crystal Specialist Finance has appointed Neil Elvish as Business Development Manager for the South East, with an area target to increase completed business to £100m per annum by 2018.

The move, which places an emphasis on managing existing broker contacts and forming new key strategic partnerships, further focuses on building strong profitable relationships to assist all parties in income stream growth. Elvish joins from Select and Protect where he held the role of Business Development Manager for over 10 years.

Damien Druce as Head of Distribution and Development at Crystal Specialist Finance, said: "The importance of the South East market to the financial world can never be understated, and to benefit from its ongoing expansion the right people need to be in place to maximise every opportunity. Neil’s experience, contacts and expertise speaks for itself."

"We face an increasingly complicated and crowded market space so the challenge and rewards of going back to basics and never forgetting this is a people industry is fundamental to success,” added Elvish. "Add to the mixture our combination of exclusive and semi-exclusive products and we have an unrivalled offering."

Tamworth-based Crystal Specialist Finance, which previously operated under the name Crystal Mortgages, operates five distinctive product specialisms for brokers, introducers and networks through its Mortgages, Bridging, Commercial, Development Finance and Second Charge Divisions.

The independent, whole-of-market packager recently announced a £350k development in a new head office, with a plan to create 20 jobs in the next 12 months. It also reported a record first quarter with terms issued on over £213m worth of business from January to March, a full 49% increase on the same period last year.

Crystal Specialist Finance prepares for expansion with head office investment

Thursday 28 May 2015

Crystal Specialist Finance has invested over £350k in a prestigious new head office in Tamworth, and plans to create 20 jobs over the next 12 months.

The 2,700 square feet premises will house the newly created Mortgages, Bridging, Commercial, Development Finance and Second Charge Divisions, as well as back office functions.

Crystal Specialist Finance, which previously operated under the name Crystal Mortgages, rebranded in April to highlight five distinctive product specialisms, each offering expert advice and products to brokers and networks. Each team is headed by an existing senior member with experience in their respective field.

The independent, whole-of-market packager recently reported a record first quarter with terms issued on over £213m worth of business from January to March, a full 49% increase on the same period last year. 2014 marked the company's best financial performance in its 36 year history.

Joe Breeden, managing director of Crystal Specialist Finance, said: "The business has grown exponentially in the last five years and extra space was required to not only house the existing team, but for the creation of up to 20 new roles which will be required to meet our strategic objectives.

"Over the coming 12 months we are planning to create up to 20 jobs including underwriters, marketeers, BDMs and admin, all of whom have a critical role to play in ensuring we have the right quality of products to meet requests from brokers and networks while maintaining our commitment to first-class customer service.

"These are phenomenally exciting times at Crystal Specialist Finance, with our own internal development and external market forces everything is in place to grow the business in a rapid but ultimately sustainable manner."

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."

Crystal Mortgages enters secured loan market

Monday 23 Mar 2015

Leading independent commercial mortgage finance and bridging loan specialist, Crystal Mortgages, has revealed that it is branching out to the secured loan market. The Walsall-based commercial packager has announced that it will now be entering the second charge market to support growing demands from its introducer base.

Read More

Broker service teams up with Crystal Mortgages

Friday 20 Feb 2015

The UK’s newest broker network, The Right Mortgage and Protection has entered into a partnership agreement with Crystal Mortgages. The partnership offers its members completely independent, whole-of-market, financial product sourcing and covers the business-to-business sector. The accord covers commercial mortgages, bridging loans, development finance, specialist buy-to-lets and secured loans.

Read More

Crystal Mortgages makes high-level appointment

Friday 06 Feb 2015

Crystal Mortgages has appointed Damien Druce as Head of Distribution and Development to lead the brokerage’s drive towards future growth. The Councillor for Cheshire East Borough Council, will head-up internal and external sales teams with responsibility for key accounts and relationships with major partners. The appointment sees Damien return to lending after previously working for Chaucer Syndicates where he was Northern Regional Development Manager. He then before went onto consultancy work with several firms including working alongside Managing Director of Crystal Mortgages, Joe Breeden.

Read More