Swift reports first quarter growth

Ramesh Sharma

April 22, 2006

The non-conforming secured lending specialist reported increased business following several recent business expansions. These include moving to new offices in Brentwood, Essex, a re-launch of the brand at the end of 2005 and the appointment of John Webster as chief executive officer in February this year.

Webster said: “The results in the first quarter are nothing short of spectacular and reflect on both the excellent Swift team and the greatly valued support of our intermediaries. Swift is rightly known for its excellent service and the speed with which cases are processed and the determination of the Swift team to not only maintain high service standards but to improve them is certainly paying off.

“We are expanding our sales team to take the Swift message to a wider intermediary audience and apart from the recently improved criteria and the new case tracking system, we are also preparing to launch new products during 2006.”

Andrew Moody, managing director for Loanoptions.co.uk, said his experiences with Swift were very positive. “Swift has made some fantastic improvements to its general branding and worked very hard to generate new business from new brokers. This new business has obviously had an effect on completions. It has recruited some excellent new members to the business development and the processing side of the business.

“The approach that the people at Swift take is very refreshing; new business is processed and completed quickly, and products are priced competitively with very flexible lending criteria. The Swift offering has served us well over the last 18 months, since we have been working together and we are very pleased with the continuing service levels to our business.”

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