Praxis has opened a new dedicated office in Northern Ireland days after announcing a new lender partner and the relaunch of its commercial arm.
The office in Randalstown, County Antrim, opened on January 15. Fintan Monaghan, heads the Praxis team as well as national mortgage service Switch 2. He says he is looking forward to the challenge of expanding both businesses.
The Halifaxs House Price Index recently named Northern Ireland as one of the UKs leading property hotspots.
Dudley Aldous, sales and marketing director of Praxis, says: Our research showed that, not only was there great demand for expert, specialist providers, but that a local office was also vital,
We have found that where brokers deal with mainland offices, there can sometimes be a lack of understanding of the local area.
He says: We are delighted with the response from local Brokers and IFAs. The first week has proved that the local market is happy to use a specialised packager provided they add value to their business.”
The expansion follows the appointment of Paula Ritchie to lead Praxis business development in Scotland and the North-East and the recent announcement that Praxis has added Advantage to its lender panel.
Praxis was founded in 1994 and based in Smallbrook Queensway, Birmingham, it employs around 90 people and was one of the first companies specialising in the non-standard mortgage market.