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Master broker achieves record £30m quarter
Master broker Y3S Group has celebrated a record £30m of completions in one quarter.
Operating through its second charge brands Y3S Loans and Chaseblue Loans, the Cardiff-based firm brokered loan advances of £30.1m between September and November.
Y3S Group worked with its panel of lenders – including Together, Precise Mortgages, Optimum Credit, Prestige Finance, Shawbrook Bank and Masthaven Bank – to deliver an average advance of £64,371 with an average loan-to-value of 60.5% including the second charge loan.
Matt Cottle, director of the Y3S Group, said: “This has been a milestone quarter after a period of significant change following the implementation of the Mortgage Credit Directive.
“Our brand values of speed, compliance and fairness are firmly rooted within both firms and we will continue to provide the highest quality of service to our broker introducers and their clients.”
The news comes just months after Chaseblue Loans successfully completed over £750,000 of deals in one day.
The group is set to produce £120m of second charge loans for the current financial year.
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