At the end of October, Southern Pacific Mortgage Limited (SPML) achieved £107m in a single month for the first time.
This figure sees SPML on target to reach a 12 month total of £1bn of completions by year end.
John Prust, sales and marketing director, says: “This magnificent achievement would not have been possible without the hard work and dedication of both the whole SPML workforce, and of our packager partners. There is no doubt that the non-conforming/ sub-prime mortgage market is still expanding, as more and more borrowers who have been declined a loan at high-street rates are coming to realise that there are many competitive mortgage products in the market designed with them in mind.
“At SPML we have built our success on striving to give the best service in the market place – and this consistently high-quality service delivery has paid off in terms of increased sales and market share. We are in an ongoing dialogue with our packagers, and they continually re-affirm that fast service is their number one priority.”