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Changes pay off for TBMC as business grows by 40%

The Business Mortgage Company has reported a whopping 40% growth in its business in 2006 compared with the previous year.

The buy-to-let and commercial mortgage specialist says November was a particularly strong month, with more than £200m worth of applications received.

Andy Young, managing director of TBMC, says: “The result for 2006 is pleasing. We have made changes to the business over the past 12 months including expanding our sales force, restructuring our processing departments and launching an online case tracking facility.”

TBMC’s client base has grown considerably over the past year with an increasing number of directly authorised advisers writing buy-to-let business.

At the same time, its profile has risen among the appointed representative community with its appointment to network panels such as Openwork, Home of Choice and Intrinsic.

Young adds: “November saw the highest number of applications in the history of the company, smashing the £200m barrier for the first time. This was an astounding achievement, especially in a month when we expected to see a slight downturn.

“We’ve set a precedent now and I am looking forward to the challenge of continuing to grow in 2007.”

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