In its annual results for 2010, the Co-operative group reported that its financial services business saw profits rise by 17.7% on the previous year to £208.6m.
Lee Gladwell, business development director at Platform said: “These numbers show how we significantly stepped up our lending and support for intermediaries during 2010.
“Whilst the numbers represent a small proportion of the market, they confirm our growing presence in a period when many of our competitors were retrenching.”
He added: “In 2009, we controlled volumes carefully as we built a new proposition anchored on helping intermediaries really deliver for their clients. Last year, we broadened this to a wider broker market whilst remaining absolutely focused on listening and responding to their needs.”
Gladwell said that Platform will continue to build its presence in the buy-to-let market during 2011.
