Packager Envelop has announced substantial growth in the amount of longer-term specialist business it has written over the past year.
The news comes as it celebrates the first anniversary of its rebrand from First 4 Bridging (F4B).
The company noted a 37% increase in specialist BTL business, within which a high number of applications emerged from first-time buyers, first-time landlords, and for HMOs.
Envelop also saw a 31% rise in commercial mortgages and an 18% boost in secured loans, alongside remaining active in the bridging and development finance sectors.
Donna Wells, managing director at Envelop, commented: “It comes as no surprise to see such an uplift in those longer-term specialist products.
“A turbulent economic climate has resulted in a variety of borrowing scenarios becoming even more complex, and mainstream lenders continue to demonstrate that they don’t have the risk appetite, capacity, and inclination to meet these changing needs.
“These growing business volumes demonstrate just how vital it is for brokers to be comfortable advising on many differing — and often multifaceted — forms of finance.
“The past 12 months have seen our core introducers fully embrace the new brand, and it has also worked to attract many new intermediary partners who had not worked with us before but who have swiftly become a regular fixture.
“Our goal for the next year is to build on this momentum and deliver some ambitious growth targets that we have in place for the business.”
