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Just Mortgages completion volumes rise 40% with further expansion planned

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  • 27/03/2018
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Just Mortgages completion volumes rise 40% with further expansion planned
Brokerage Just Mortgages has reported a record year with gross mortgage completed volumes rising 40% to £1.61bn from £1.15bn in the previous year.

 

 

 

Compared to the £900m of business conducted in 2015, the 2017 figures showed a 79% rise over the two year window.

Turnover also increased by 14% with profits rising by 62%, Just Mortgages said this was owing to a “huge” investment in infrastructure and efficiency gains.

However, a spokesperson for Just Mortgages declined to give the turnover and profit figures.

Staff numbers have also seen expansion, with broker numbers rising from 155 in 2016 to 200 by the end of 2017.

More so, having recruited aggressively in the first three months of this year, broker numbers now stand at 240.

John Phillips (pictured), group operations director of Just Mortgages and Spicerhaart, commented: “The fact that we are committed to the customer-facing, old-fashioned customer service and advice model but are also open to technological developments in the industry is instrumental to our success.

“We have a strong employed division, and have also enjoyed huge success within our newly launched self-employed division, which has grown six-fold in just 12 months.

“We are looking to expand further with two new financial services directors, and we will also be creating a new operations manager options within our head office to support further growth of the businesses and the Just Mortgages brand.”

Phillips added that he expected total broker numbers from both the employed and self-employed divisions to reach 500 by 2022.

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