MT sees impressive growth this year

The Mortgage Times Group saw its application figures soar from 92m to a staggering 250m per month between January and September this year.

These figures are based solely on packaged business, though the company has also seen an increase in its mortgage club business. With three months of the year still to go, the packager has already seen a 200% increase in both packaged and mortgage club business, compared with 2004.

Christopher May, director of Mortgage Times, says: “This is fantastic news for the group. I am particularly proud that we have managed to combine an aggressive sales and marketing strategy with a good service proposition. This is reflected in our business levels.

“We are already competing in terms of volume with some of the well known specialist lenders in the market and have embarked on a number of projects with lenders and smaller packagers to ensure growth will be sustained over the next year.”

Alison Hutchinson, managing director of Kensington Mortgages, agrees.

She says: “We’re enjoying a healthy relationship with Mortgage Times. We have been working closely together to tailor our services. Onsite offer production is an example of this.

“We have increased our business with Mortgage Times by over 50%.”

Mortgage Times’ impressive increase in business is a reflection of the group’s substantial distribution channel which is built mainly around its own brokers rather than its panel business.

May adds: “We are now in the regulated environment in which many experts predicted shortfalls in the packaging market.

“Our proven distribution channel has enabled us to work with partners to ensure our impressive growth can be sustained.”

The Mortgage Times Group was formed in April 2002 as a packager. Its services have since evolved and now include an appointed representative network and an offering for directly authorised firms. It also handles brokers’ general and life insurance needs.