Along with boosting staff numbers, Freedom Finance also added a range of new products, including bridging loans, commercial loans and specialist buy-to-let loans. The company has also increased the number of products available on its sourcing portal (The Lending Wizard) to include more fixed rate options.
The second charge industry is projected to double in size in the next three years, as regulations change and more customers use the equity in their home as security against another loan. The expansion at Freedom Finance this year will allow the company to capitalise on the opportunities this presents, whilst still delivering strong customer service and support.
Nicola Mooney, head of secured, intermediary and business finance at Freedom Finance, said: “We are delighted to have welcomed so many new faces to the team over the past 12 months.
“We have been recruiting talent from across the industry to grow our established and secured intermediary propositions and meet the increased demand for our services.
“The team has ambitious plans in place to capitalise on its successes to date and to continue to boost staff numbers. As we see our team continue to grow, I am confident that this will make a very positive contribution to our business.”