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.”