Connells mortgage writing up 39pc

Robyn Hall

March 15, 2013

Adrian Scott, group mortgage services director, said Connells also saw a 38% increase in business from January to February 2013.

Scott also said that he felt Connells was now reaping the rewards of the investment it put into its mortgage services business last year.

The Connells Group announced pre tax profits of £36.2m in 2012 as it consolidated its position as one of the most profitable UK estate agency groups.

Scott said: “Yet again, the Connells Group is announcing outstanding annual and month on month results in what continues to be a challenging, although improving, housing market.”

“Our pipeline at the end of February has risen strongly and now stands 32% higher than this time last year.

“More competition amongst lenders is resulting in an increase in products available and an easing of restrictions on lending and I wouldn’t be surprised if we see mortgage interest rates falling even further over the coming months.”

“We have had a great start to 2013 and are looking forward to building on that success in the months ahead.”

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