EQUIS writes 30% more loans in 2015

EQUIS members wrote 30% more loans in 2015 to the value of £1.1bn.

EQUIS members wrote 30% more loans in 2015 to the value of £1.1bn.

Last year members of the specialist distribution and packager alliance passed through £878m of business.

AToM, Brightstar, Complete FS and Solent Mortgage Solutions processed 5,147 cases last year, up from 4,670 in 2014.

An EQUIS spokesman said: “In two years the EQUIS group members have written more than £2bn of mortgage loans.

“During this relatively short period, four important factors have driven our growth: first, the commitment from lenders of all product types to deliver market leading packaged products.

Second, the support of increasing broker numbers who value the products and (importantly) the service that we provide in order to ensure that loans are underwritten and completed as quickly as possible.

And third, our ability to offer a comprehensive range of products including second charge, bridging and commercial.

“Finally our commitment, via the EQUIS code of conduct, to support our introducers, regulator and lenders in identifying the most appropriate lending solution.”

In 2015 buy-to-let represented 39% of loans, residential 36%, second charge 12%, bridging 8% and commercial lending 5%.