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Trustguard says sales soared 46% last year

Trustguard reports overall sales growth of 46% in 2006. This increase includes first and second charge lending during the year, pushing the volume of mortgages and loans beyond £700m.

The packager services 28 first charge lenders. It also packages sub-prime mortgages for the commercial property market.

The news of the results follows hot on the heels of Trustguard’s opening of a franchise office in Manchester offering the industry’s first door-to-door packaging service.

Sian Brown, national sales manager at Trustguard, says: “Despite what some industry figures were saying last year, packaging is a key part of the mortgage business and if anything its importance is growing.

“These results show that the market is receptive to packagers that deliver high levels of service, good technology and competitive products.”

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