Simplybiz Mortgages saw its market share grow from 4.5% in 2023 to 4.68% by the end of last year.
Meanwhile, the value of mortgages facilitated through the business rose by 3.72% from £22.9bn to £23.7bn. It said this indicated an outperformance of the overall lending market, which contracted by 0.86% annually.
The group said mortgage activity remained profitable and the second half of last year showed “signs of continued stabilisation”, with expectations to return to previous performance levels by 2026 as the housing market normalises this year.
Martin Reynolds, CEO of Simplybiz Mortgages, said: “We’re pleased to report such positive performance from Simplybiz Mortgages, especially in the midst of a cautious, but recovering, market.
“The whole team works hard to ensure we listen to feedback from our members and provide solutions that help them deliver the best service to their clients. This year-on-year growth is indicative of our position at the forefront of the sector, and our objective of delivering better financial outcomes to all.”
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The wider Fintel business reported a 22% rise in its core revenue, rising to £68.9m, while its profit after tax dropped from £7.4m to £6.3m.
Earlier this year, Tom Hegarty was appointed CEO of Simplybiz.
