Mortgages Plc sees record trading in October

Specialist mortgage lender Mortgages Plc has set new records for the company, now in its fifth year of trading.

Mortgages Plc, owned by venture capitalist company Nikko, received more than £100m of mortgage applications and completed over £70m in mortgage loans in October.

Trevor Pothecary, group chief executive at Mortgages Plc, says: “The volumes of business we have achieved this year can only be described as exceptional. We have completed more applications in the first seven months of trading this financial year than we did in total in either of the last two financial years.

“We will be working very hard to maintain these recent levels of growth and areas such as correspondent and branding lending will continue to be developed.”