MPLC recruits to handle growth

Mortgages PLC has increased staff numbers by over 33% over the past six months to cope with an increase in business this year.

The lender says it is on course to complete total sub-prime lending volumes in excess of 1.5bn by the end of 2005.

Since January, MPLC has hired more than 50 staff and has now recruited up to a level sufficient to cope with anticipated growth.

Peter Beaumont, sales and marketing director at MPLC, claims: “Our business volumes have increased spectacularly in a year when overall lending volumes are down.

“We are hitting targets today that we were not due to reach until 2007. This growth has brought some challenges but we have significantly invested in our infrastructure to ensure we can cope with our current and future volumes.”

MPLC launched a new product range last week with no higher lending charges.