SPML announces increase in completions
Completions across first and second charge loans increased from £1.7 billion in 2002/3 to £2.3 billion.
John Prust, SPML’s sales and marketing director, said: “Over the period when the pressures leading up to FSA regulation were intense, and in an increasingly challenging marketplace, everyone at SPML is delighted to have achieved such significant growth.
“In particular from our entry into the prime lending market in February 2003 we are now in the position where prime lending accounts for one third of our total completions. I view this as a very optimistic indicator for our future as a leading player in the ‘All Status’ mortgage market, covering the entire credit spectrum.”