Money Centre reveals buy-to-let figures
November was their most successful month of 2005, which saw a 20 per cent increase on their previous record month in September of £150 million.
In 2004, The Money Centre processed over £700 million worth of buy-to-let mortgages. But 2005 has seen a significant increase in levels of business to become their most successful year ever with more investors choosing to secure their buy-to-let mortgage with them. Record months have been achieved consistently throughout the year, starting in March with £104m, the first time the company processed over £100 million worth of mortgages in a month. Record months then swiftly followed in April with £126m, August with £136.4m and September with £150m worth of buy-to-let mortgage applications processed. November finished off what has been a very successful year for the Norwich based company, processing £181 million worth of buy-to-let mortgages in one month alone.
Month on month increases in business has meant The Money Centre hit their annual target of £1 billion worth of buy-to-let mortgages three months early, reaching the target in October 2005. Lynsey Scrivener, director of marketing and PR at The Money Centre, comments: “2005 has been our most successful year to date. We have picked up two coveted awards from Mortgage Introducer and Mortgage Magazine this year, as well as significantly increasing our levels of business. By October, we had reached our annual target to process £1 billion worth of buy-to-let mortgages. Business has continued to grow substantially, which is illustrated by our £181 million figure achieved in November. We would like to take the opportunity to thank our teams throughout the country in Norwich, High Wycombe, Chertsey, Sheffield, Shipley and London for their continued hard work and dedication to The Money Centre and our clients throughout the year. And we look forward to what we hope will be another record breaking year in 2006.”