According to EQUIS’s findings, firms at the alliance wrote a total of 5,147 cases in 2015, up from 2014 when it wrote 4,670 cases and rising 30% in value from £877m.
EQUIS’s members comprise of AToM (All Types of Mortgages), Brightstar, Complete FS and Solent Mortgage Solutions.
Buy to let represented 39% of business written by these firms in 2015, with residential making up 36% and second charge at 12%. A further 8% of deals were bridging loans and 5% were made up of commercial loans.
EQUIS said its members have achieved more than £2bn of loans since the alliance’s launch in February 2014.
“During this relatively short period, four important factors have driven our growth. First, the commitment from lenders of all product types to deliver market leading packaged products; second, the support of increasing broker numbers who value the products and (importantly) the service that we provide in order to ensure that loans are underwritten and completed as quickly as possible; and third, our ability to offer a comprehensive range of products including second charge, bridging and commercial.
“Finally our commitment, via the EQUIS Code of Conduct, to support our introducers, regulator and lenders in identifying the most appropriate lending solution.”