The Money Centre, the buy-to-let and commercial mortgage specialists, has revealed it processed 181m worth of buy-to-let mortgages in November, making it the most successful month of 2005 with a 20% increase on its previous record month in September of 150m.
In 2004, The Money Centre processed over 700m worth of buy-to-let mortgages, but 2005 has seen a significant increase in levels of business to become its most successful year ever with more investors choosing to secure their buy-to-let mortgage with it. Record months have been achieved consistently throughout the year, starting in March with 104m, the first time the company processed over 100m worth of mortgages in a month.
Record months then swiftly followed in April with 126m, August with 136.4m and September with 150m worth of buy-to-let mortgage applications processed. November finished off what has been a very successful year for the Norwich based company, processing 181m worth of buy-to-let mortgages in one month alone.
Month on month increases in business has meant The Money Centre hit its annual target of 1bn worth of buy-to-let mortgages three months early, reaching the target in October 2005.
Lynsey Scrivener, director of marketing and PR at The Money Centre, says: 2005 has been our most successful year to date. We have significantly increased our levels of business. By October, we reached our annual target to process 1bn worth of buy-to-let mortgages. Business has continued to grow substantially, which is illustrated by our 181m figure achieved in November. We would like to take the opportunity to thank our teams throughout the country in Norwich, High Wycombe, Chertsey, Sheffield, Shipley and London for their continued hard work and dedication to The Money Centre and our clients throughout the year. And we look forward to what we hope will be another record breaking year in 2006.