For the second month in a row, we’ve achieved a record number of second charge mortgage completions. If June was good, then July was even better! For June we achieved gross sales of £31m which we smashed in July with gross sales of £34m.
This success has pushed us up to a 30% share of the UK second charge mortgage market for this period and consolidated our position as the largest lender in this specialist sector.
The FLA reported that the second charge mortgage market rose by 23% in July, with £115m new lending.
Sam Marshall, Optimum Credit CEO, commented:
“This is a fantastic achievement, coming off an excellent performance in June. I’d like to thank my colleagues here at Optimum and our Broker partners for their hard work in making this record possible. We put a lot of effort into building great relationships with our broker partners. This includes providing them with the support and technology that’s necessary for them to offer their clients the best product for their individual circumstance. This result points to a buoyant second charge market and I’m confident we can look forward to further record months soon.”