You are here: Home - News -

Charter Court reports 27% loan book growth in Q3

  • 14/11/2018
  • 0
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.

He added that the firm was “well placed to meet or exceed all our stated full year guidance.”

There are 0 Comment(s)

You may also be interested in

  • RT @DanielleDennis9: There are only two weeks left to get your nominations in for #BMA2019 - vote now for your industry stars to make it a…
  • RT @montysblog: Jokers! Exacerbating the Mortgage Prisoner problem! Treasury sells 66,000 UKAR mortgages to inactive lender Citi - Mortgage…
  • RT @CanadaLifeUKadv: We’re excited to be attending @Mortgagesols Buy-to-Let Forums later this month in Manchester and Birmingham. Register…

Read previous post:
Skipton saves the day for divorcees with multiple income streams – Chartwell Funding

I was recently approached by a new client as his existing lender had refused to help him and his new...