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First Complete outstrips rest of market in Q1

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  • 06/05/2015
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First Complete outstrips rest of market in Q1
Network First Complete bucked the trend for the market as a whole in quarter one as mortgage completions were up 22% on the same quarter last year.

In contrast, figures from the Council of Mortgage Lenders (CML) showed that mortgage completions across the market dropped by 3% in Q1.

First Complete enjoyed a record day on the last day of April, completing 214 mortgage cases and 290 life cases, more than 25% up on an average day.

Growth in life completions were similar to quarter one results at Stonebridge, where the network recorded a 68% surge in its protection applications over Q1, compared to 59% in mortgage applications.

In the whole of 2014, First Complete increased its mortgage completions by 69%, compared to 17% across the market as reported by the CML.

Toni Smith, sales operations director at First Complete (pictured), said: “The results achieved by First Complete brokers continue to significantly exceed those of the market as a whole. With full credit to our ARs [Appointed Representatives], mortgage and protection volumes have not slowed in the run up to the election and we expect the second half of the year to exceed the first, so we are prepared for some more record breaking months to come.”

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