Bluestone's reported that net losses reduced by 37% to £2.42m.
Bluestone Mortgages released their financial results to June which reported that the business wrote over £250m in loans across the financial year, a 264% year-on-year increase.
The results showed an increase in originations of residential mortgages and net losses reduced by 37% to £2.42m.
These figures come after the business headcount increased to 49 and a new office opened in Sheffield to support the London operation.
Alistair Jeffery (pictured), founder and group chairman at Bluestone, said: “The 2019 financial year has been an enormously important one for our mortgage business, with a very solid lift in new loan levels supported by strong growth in our sales, lending and servicing operations.
"Despite Brexit headwinds, the strong growth is continuing, with 105% year on year growth in settlement volumes in the first quarter of 2019”.
Steve Seal, managing director at Bluestone Mortgages, added: “We’re delighted with the strong lift in volumes.
"This have been driven in large part by the support of our broker network and their adoption of our uniquely flexible mortgage products, the continued development of Bluelink, our proprietary loan application platform and a relentless focus on service levels.”
