Specialist buy-to-let (BTL) lender Quantum Mortgages is planning its first securitisation in the summertime, and has damaged data in February.
The lender mentioned that, in February, it had had its best-ever month for brand new functions, and marked its two-year anniversary with affords made and mortgage completions together with document income and revenue.
Quantum Mortgages mentioned that mortgage functions had risen past the £650m mark throughout that interval, and its headcount now stood at 37.
It added that its distribution partnerships included all main mortgage golf equipment and packagers within the UK and most main mortgage networks bar one.
Jason Neale (pictured), managing director at Quantum Mortgages, mentioned: “We actually couldn’t have picked a tougher time to launch a buy-to-let lender. Within weeks of our comfortable launch, inflation began to rise sharply, leading to important swap charge volatility and Bank of England base charge rising from 0.5 per cent to at this time’s 5.25 per cent. Then, after all, there was the disastrous Truss and Kwarteng mini Budget, which successfully shut the sector down for six months.
“During these turbulent times, we continued to stick by our principles of common sense, doing the right thing and helping where we can. We were one of the very few lenders not to withdraw fixed rates, we never once considered not honouring pipeline applications and always gave plenty of notice if rates needed to change, during a period where many of the larger lenders’ behaviour was really poor.”
He continued: “We consider our valued middleman buddies and companions recognize how we conduct ourselves and recognise that whereas we’re not excellent, we all the time attempt to present honest and commonsense options for them and their shoppers.
“As well as our amazing team, our success is down to the loyal and incredible support we have enjoyed from our brokers, packagers, clubs, and network partners, to whom we say a huge thank you.”
Quantum Mortgages was launched in 2022 with an preliminary deal with skilled landlords.
It reported £350m of recent lending in 2023 and has employed Wes Friedel as head of bridging to spearhead the agency’s entry into the house.
Anna is a reporter for Mortgage Solutions and assistant editor for Specialist Lending Solutions, each B2B sister titles of YourMoney.com. She has labored as a journalist for over 4 years, initially within the specialty insurance coverage sector earlier than transferring onto mortgages.
