Igroup breaks through £300m lending mark

October saw specialist lender igroup break through the £300m new lending figure for the first time in its short history.

Jonathan Sadler, igroup&#39s director of sales and marketing, says: “This is a fantastic result for the team. Since we launched igroup in April 2000, we have seen the business grow month-on-month – and especially since our acquisition by GE last year.

“We continue to attract a satisfying mix of business from across the niche lending spectrum, but to lend comfortably in excess of £300m in a single month is a particularly significant milestone for the business – and one rarely matched elsewhere in the specialist sector.

“I would like to pay tribute to the hard work put in by the whole igroup team to make this possible. I also want to express my sincere thanks to our introducers for their great support and continuing enthusiasm for our products. It&#39s the partnership between us that makes it work.”

Peter Brennan, recently appointed chief operating officer with overall responsibility for igroup&#39s mortgage processing operations, adds: “This is a good time for the specialist-lending market.

“And lenders and introducers alike have worked extremely hard to deliver products and services that have such widespread and growing appeal.

“Servicing this continuing demand is a challenge we all face, particularly in the run up to a new regulatory regime. But with the support of a committed and skilled team, I&#39m confident we will continue to thrive in this hugely competitive, dynamic and thoroughly exciting market.”