You are here: Home - News -

Stonebridge reports 53% growth in value of mortgage sales for 2016

by:
  • 12/01/2017
  • 0
Stonebridge reports 53% growth in value of mortgage sales for 2016
Stonebridge group, the mortgage and insurance network, completed 53% more mortgage business by value in 2016 than the previous year – arranging £4.2bn worth of home loan finance.

Its life and protection business out-performed its mortgage activity in terms of growth, with the division enjoying a 56% rise in business value from £7.6m in 2015 to £11.8m of life business completed last year. General insurance sales, by value, rose by 37.5% from £532,000 to £731,000 year-on-year.

Stonebridge said the growth in business was due to an increase in the number of advisers working across the group as well as a rise in the productivity of its member firms.

In December, the group reached its target of 500 mortgage advisers spread across 226 appointed representative firms, which was a 25% uplift on 2015.

Paul Nye (pictured), director, business partnerships at Stonebridge Group and Stonebridge Genus, said: “It’s clearly very pleasing to be able to announce a considerable uplift in our business volumes across our three core product areas in the group over the course of 2016. Given the way the year panned out with some major political, economic and regulatory shocks, it’s testament to the work of all the advisers within the group that we are able to show such large percentage gains particularly in terms of our mortgage completions and our life business volumes.”

Nye said the group’s focus in 2017 would be to continue to grow and develop its proposition in both the network and directly authorised markets.

Stonebridge will be announcing its full results and plans for the year ahead at its annual conference, to be held at the East Midlands Conference Centre in Nottingham on the 30 January.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
2240356-pound-sign-1
Mortgage borrowers with small deposit pay third higher repayments

Those with a small 5% deposit will pay £300 a month more than borrowers with 25% upfront

Close