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Stonebridge mortgage business up 17 per cent in September

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  • 28/10/2019
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Stonebridge mortgage business up 17 per cent in September
Stonebridge has grown its mortgage applications by 17 per cent to £820m and expanded its number of appointed representatives (AR) during September.

 

The network added nine new partner firms in the month boosting the overall number of ARs by 24, including seven who joined with Ideal Mortgage Advisers. 

The firm said it arranged £7bn of mortgages a year, with applications rising by 17 per cent in September against the same month in 2018.

Stonebridge also expanded its own team hiring business development manager Lee Williams and appointing Chika Osondu as business analyst at Revolution, the group’s trading platform.

Claire Chambers was promoted to the newly-created role of compliance and operations manager overseeing AR firms, the business standards department and 40 staff members.

 

Career development culture

“Our year-on-year growth in mortgage applications and completions is particularly pleasing at a time when political and economic uncertainty mean many potential clients are opting for wait-and-see,” said Rob Clifford, chief executive at Stonebridge (pictured).

“Demand for advice remains very strong and we support our firms to ensure access to opportunities in mortgages, protection and general insurance.

“We’re confident that our model, with new appointments to the team and a focus on adding quality advisers and firms to the network, can work for any ambitious advisory practice.

“We’ve talked to many potential new recruits during ‘expo season’ over the last couple of months and will continue to do so in the months ahead,” Clifford said.

The network outlined a continued focus for 2019 and into 2020 on increasing its number of member firms and supporting existing members to recruit new advisers.

Clifford said: “I’m particularly pleased to promote Claire after five years in quality and audit,” adding “career development is key driver of our culture.”

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