Mortgage News
Charter Court reports 27% loan book growth in Q3
Charter Court Financial Services reported that its loan book rose by 27% year-on-year to £6.2bn in the third quarter 2018, from £4.8bn in the same period a year earlier.
The company, which operates Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank, confirmed new loan originations of £700m in Q3 2018, and £2.1bn for the nine months to 30 September 2018.
Looking at the future, Charter Court said it expected gross organic originations to be marginally above its previous guidance of £2.7bn for the 2018 financial year.
Additionally, it expects to deliver loan book growth in excess of 20%, including structured sales.
Ian Lonergan, CEO of Charter Court, said the company was continuing to see solid demand for its buy-to-let and specialist residential mortgages which was feeding a strong pipeline into the final quarter of 2018.
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He added that the firm was “well placed to meet or exceed all our stated full year guidance.”