Charter Court reports record Q1 loan originations

Charter Court Financial Services Group PLC has announced record Q1 new loan originations of £710m, compared with the £668m recorded in the same period last year.

The group—which operates through Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank—released its Q1 2019 trading update today (15th May), revealing that its loan book increased by 17.9% year-on-year to £6.5bn at 31st March 2019.

It stated that there was a strong performance across core buy-to-let, residential and short-term mortgage segments.

Customer deposits rose by 29.7% year-on-year to £5.6bn.

Ian Lonergan, CEO at Charter Court (pictured above), said: “I am pleased to report another strong quarter as we continued to deliver on our robust mortgage pipeline to generate record first-quarter originations, while maintaining high asset quality and strong credit performance.

“Our performance in the first quarter continues to reflect the resilience of our lending operations and demonstrates our ability to structure and execute complex transactions, even in difficult market conditions.”

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