LSL confirms increase in mortgage lending

Jessica Nangle

March 10, 2020

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LSL confirmed an increase in mortgage lending in their 2019 annual results.

LSL’s Financial Services business, which includes Primis Mortgage Network, Embrace Financial Services and TMA, delivered mortgage completions totalling £31.7bn.

LSL’s market share is estimated to be 8.5% of the total market value of mortgage completions,  which is up from the 8% recorded in 2018.

Primis grew mortgage lending by 13% from £17.5bn in 2018 to nearly £20bn in 2019.

The network firm also grew protection completions by 17%.

Over 317 training sessions were held, delivering training to over 2300 advisers and 500 administrators.

Toni Smith, chief operating officer at Primis, said: “We are delighted with the results for last year.

“They are a clear demonstration of how working in partnership with our firms helps them to realise and achieve their business goals.

“Increasing market share is key to our overall plan, likewise, the delivery of appropriate customer outcomes is also a critical measure of our success.

“We are therefore delighted that our independently measured, customer feedback on the service delivered by our advisers reached a new high in 2019.

“This coupled with the growth in our business, in a flat market last year, provides a strong platform for further success in 2020.”

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