Access Financial Services (FS) has reached a record level of income in its mortgage division, after its revenue increased by 43% year-on-year in its first quarter.
The financial services firm found that in Q1, its advisers completed 14% more loans year-on-year, while the average loan size jumped by 13%, meaning that the total value of mortgage business completed rose by 29%, totalling a £17.2m increase.
Furthermore, Access FS revealed a 32% increase in adviser numbers, while its Q1 procuration fees jumped by 37% year-on-year.
Mortgage sales and marketing director at Access FS, Nick Jones, said: "Growth in our adviser community has been a strong contribution to these results alongside industry recognition and enhancements to our proposition.
"We recently introduced an internal referral initiative, ‘Access All Areas’, we’ve started rolling out individual microsites for each of our advisers as well and we’ve grown our mentorship programme. This has helped our advisers grow by encouraging them to collaborate even more.
"Now we’re looking ahead to Q2 and a renewed push further into the specialist finance space – watch this space. Company revenues rose by 46% last year and we are making some big appointments to ensure we keep growing at that sort of pace."
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