Complete FS reports rise in new business applications
By Jordan WilliamsComplete FS has reported that its new business applications have increased by 40% over the past two quarters compared with the same period last year
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The packager has witnessed particularly strong enquiry levels for bridging loans and specialist first charge mortgages.
Tony Salentino, director at Complete FS, said: “Overall lending volumes might be stagnant or down, but we need to look beyond the headlines and see how buoyant the rest of the lending market is.”
“Headlines about business volumes falling focus, in the main, on the mainstream market.
However, Tony said that the demand for borrowing facilities had not suffered.
“In fact, there is growing demand for first and second charge mortgages, bridging, commercial and BTL.
“The only difference is that the clients either do not fit the rigid profile on the high street or they are not getting a swift enough service from mainstream providers.
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