The secured loans packager also saw a 700 per cent in profits for the half year ending 30 June.
Having launched a commercial mortgage and bridging finance introducer service at the beginning of the year, to go with the existing secured loan introducer facility, business growth has been explosive Loanoptions.co.uk reported.
Andy Moody, managing director at Loanoptions.co.uk, welcomed the findings, stating that the results highlighted the future intentions of the firm.
He said: “This is a significant achievement for such a young company. In a very short time we have grown from a start up with two people with a concept to bring secured loans to the mortgage intermediary market. The message has clearly gone home and our service promise has seen business boom as more and more intermediaries are very happy for us to help them and their clients.”
He added that more people in the industry were waking up to the benefits of entering into other areas and utilising other organisations. “They have recognised the importance of outsourcing non-core activities like secured loans, commercial mortgages and bridging finance, leaving them free to concentrate on individual core activities. But at the same time they are generating income for themselves and retaining clients on the back of the professional service we offer.”
