<
p>Despite only launching this year, Charter Court Financial Services has passed through £2.5bn of mortgage completions.
The challenger bank, which was launched just 8 months ago and is the owner of Precise Mortgages, said it has helped over 14,500 buy-to-let landlords and home owners buy their properties, and forecasts that new mortgage lending in 2015 will hit £1.5bn, more than double last year’s figure.
Charter Court also said over 32,000 savings accounts had been opened since its launch, and total deposits now total £1.4bn.
Ian Longeran, CEO, said passing £2.5bn in cumulative lending and attracting £1.4bn of savings balances was a major milestone.
“Along with other challenger banks of a similar scale, we are bringing a new level of choice and service to customers,” said Ian.
“Our loan performance and service levels remain very strong due to the investment the business has made in excellent people and a scalable infrastructure.”
Charter Court also said that it has just eight mortgage loans with three or more payments in arrears. This equates to an arrears rate of just 0.07%, and far lower than the Council of Mortgage Lender’s (CML) average of 1.19%.
Despite only launching this year, Charter Court Financial Services has passed through £2.5bn of mortgage completions..
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