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Network posts 35% surge in completions

Mortgage completions

Mortgage network Stonebridge Group has reported a 35% year-on-year rise in completions during the first quarter of 2017.

Mortgage completions totalled £1.2bn for the period, while applications climbed 36% to £1.8bn.

The network – which also specialises in life, protection and general insurance – now has 521 advisers in 253 firms, up from 500 active members across 226 businesses at the end of 2016.

“In a marketplace which many are calling ‘subdued’, it’s extremely pleasing to be able to report strong business growth across the three core product areas we concentrate on at Stonebridge,” said Richard Adams, managing director of Stonebridge Group.

“Even with some significant upheaval – particularly in the political and regulatory space – we have posted these fine results and this is down to the hard work put in by all our advisers within the group.

“We are delighted with such significant percentage gains and it shows the commitment from our advisers, not just to the provision of mortgage advice, but also to delivering a fully diversified proposition that caters for many, if not all, client’s financial needs.”

Last year, Stonebridge launched its Genus support service for directly authorised firms.

More than 220 advisers are now using the proposition and Stonebridge anticipates ongoing growth during 2017.

“Support and technology is a key differentiator for Stonebridge and we will continue to offer our advisers the best in these key areas as well as helping them develop their own propositions and ensuring they are able to maximise their potential in this marketplace,” added Richard.

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