Crystal hits half a billion issued terms in Q1

In the same period new business applications were up 127% with completions rising by 52% across 27 different lenders.

Crystal's highlights include a £2.6m re-bridge, a £1.6m Limited Company buy-to-let portfolio purchase, an £800,000 residential development loan and a £120,000 second-charge bridging loan sourced the day after the EU Referendum.

The quarter is 90% up on the £268.5m issued in the same period last year and means the business has issued terms on £910.7m in the first six months of 2016, a 48% increase on the first six months of 2015.

Jo Breeden, Managing Director of CSF, said: “At the turn of the year I challenged the team to beat 2015’s record of £1 billion, and to be touching on this figure after only six months is testament to every aspect of our business and our growing relationship with brokers nationwide.

“As we have constantly proven our ability to secure excellent products across all manner of deals – including declined cases, expats and specialist, as well as securing the best options on standard applications – our reputation has grown and more brokers than ever are sending in their cases.

“Moving forward we continue to invest in staff, which includes the recent appointment of Dan Morris as Key Account Manager, we have launched a new online broker portal and announced the latest series of national workshops. The landscape may have changed, but we will continue to thrive through excellence.”