Mortgage broker on a growth trajectory after a solid negotiation period in the second half of the year
Sign up for free to receive the latest news straight to your inbox
Bolton-based mortgage broker is ramping up trading after posting record consecutive months of trading since the summer.
Fluent Money Group has already recruited an additional 30 people, bringing its workforce to 360, and plans for further expansion, he said.
Providing services through its Fluent Money (second mortgages), Fluent Mortgages, Fluent Lifetime (equity release) and Fluent Protect (insurance) businesses, the group said it has had consecutive record months of trading since the summer. for mortgages and insurance, as well as becoming one of the fastest growing equity release providers in the UK market.
Fluent said its technology platform allows the company to trade digitally and provide the same level of customer service throughout the lockdown, with that platform also allowing the business to grow smoothly in 2021.
Previous investments have enabled efficient remote working while SmartPhone application based technology has enabled remote documentation approval, ensuring continuity of customer applications.
In the context of COVID, the company experienced a 53% year-over-year increase in its credit volumes compared to 2019.
This equates to over £ 1 billion of its annualized lending rate since July 2020.
In five years, the company has seen a 1,015% increase in loan volumes following its investment in Beech Tree in 2016.
Co-Founder and Managing Director Kevin Hindley said: “At the start of 2020, Fluent traded almost 100% higher than the previous year, but like many companies we were not immune to the impact of COVID-19.
“Throughout this time, however, we have shown tremendous resilience and have seen the business bounce back quickly, primarily due to our ability to trade digitally and, equally important, the efforts of everyone at Fluent. .
“By working closely with all of our partners – major suppliers and lenders – we have continued to show strong performance during this period and indeed we have seen growth in some of our product areas, namely mortgage loans, capital release and protection products.
He added, “I am also delighted to be able to announce some key senior executive hires as well as the growth of our mortgage team to help meet market demand.
“We look to 2021 with ambition and optimism as we continue to gain market share and establish ourselves as a key employer in the Northwest. “