Yorkshire mortgage brokerage to generate £500k turnover after 2019 launch
A Barnsley-based mortgage brokerage is on target to turn over more than half a million pounds by the end of the next financial year.
Avail Mortgage Brokers increased its turnover by 100 per cent at the end of the last financial year, from £160k to £320k.
By the end of 2021, the business is, reportedly, on track to submit more than £70m worth of borrowed capital to lenders, up from £47.2m in 2020, and £18.9m in 2019
Founder and property specialist of 14-years, Jamie Megson said: “Thanks to referrals from partners, word of mouth, returning clients and the property sales boom here in the UK, where buyers have acted quickly to make use of the stamp duty holiday, we’re on track to submit more than 500 mortgages by the end of the year.
“The number of enquiries we get has jumped by ten times compared with the same period last year. We’re now getting up to 500 per month.
“In 2019, we submitted 127 mortgages, and in 2020, it was 300 - so we are steadily increasing year-on-year. In 2022, we will begin our first round of mortgage renewals, which means we should push towards 1,000 mortgage submissions.”
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