Crystal Specialist Finance appoints development finance director in growth push

  • 11/04/2017
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Crystal Specialist Finance appoints development finance director in growth push
Crystal Specialist Finance (CSF) has appointed Michael Fisher as development finance director as the company aims to expand its reach in the sector.

Fisher, who joined the distributer as a property development coordinator in November, will be tasked with educating brokers on the advantages of development finance and highlighting the opportunities available nationwide.

Based in the company’s headquarters in Tamworth, he will also work to increase the company’s portfolio of lenders, currently standing at 30.

Fisher previously led a South Korean company called Pleasant Pheasant Industries as CEO.

He said: “Many people and businesses in the property sector are looking to enter the development finance market due to the reduction in profitability for buy-to-let landlords.

“Investors are looking for better yields and property development provides an attractive opportunity. Backed by Parliament’s challenge and initiatives to the private sector to increase building to meet housing demand small and medium sized developers, both first-time and experienced, can see the huge potential.”

CSF managing director Jo Breeden (pictured) added: “Development finance has always been core to our business, and our own figures show a big upsurge in enquiries and applications since the turn of the year. With Michael in place we are in the best possible position to further grow our market share in this rapidly evolving segment.”

CSF operates across bridging, commercial, development finance, second charge loans and specialist mortgages. The business accepts applications on all types of properties in England, Scotland and Wales.

Originally called Crystal Mortgages, the adviser rebranded to Crystal Specialist Finance in April 2015 after the firm selected its five areas of specialisation.

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