Brightstar posts document gross sales, warns market loans fall in 2023   – Mortgage Technique

The Brightstar Group posted document turnover up 21% final 12 months, however warned that it was cautious about 2023, including that “general lending will fall”.  

The enterprise, which incorporates Brightstar Monetary and Sirius Property Finance, reported its highest ever annual gross sales of £12.6m in 2022, “throughout a very difficult interval for the market”.  

The group says lending throughout its companies jumped 25% to £1.52bn, whereas headcount lifted by 5.5%, in comparison with a 12 months in the past.  

However the agency says it “has a extra cautious outlook for progress amid a tougher market” this 12 months.  

Brightstar Group chief government Rob Jupp says: “Our continued deal with delivering the absolute best service to our companions and shoppers will develop into much more vital within the 12 months forward, with expectations that general lending will fall.   

“In opposition to this backdrop, we’re extra cautious about our progress forecasts in 2023, however we stay assured that our stand-out proposition will proceed to win market share and we nonetheless anticipate to develop our lending and our turnover regardless of the difficult outlook for the following 12 months.”  

The enterprise says it expects to develop lending to £1.78bn in 2023 and enhance turnover by 6.2% in comparison with the earlier 12 months.  

Source link

Leave a Comment