Stonebridge advisers arranged £13.5bn in mortgage completions in 2024, marking a record year for the network.
At Stonebridge’s annual conference in Birmingham, Rob Clifford (pictured), chief executive at Stonebridge said completions rose 11% by value and 8% by case count.
December was the network’s best month, with £1.32bn of lending facilitated.
Clifford stated that 44% of cases in 2024 were for house purchases, an increase from 26% in 2023, while buy-to-let transactions accounted for 13% of volumes.
Product transfers decreased to 31% from 40% in the previous year.
Insurance policy arrangements by Stonebridge advisers also reached new highs, with a 17.4% increase year-on-year, and general insurance policies up 10% compared to 2023.
Additionally, more firms joined Stonebridge than any other network for the third consecutive year, with 93 new advice businesses joining, bringing the total member firms to 658.
Clifford said: “We’re delighted with how 2024 went. Our member firms are now doing business with around 100,000 customers a year, arranging more than £13.5 of mortgages in 2024 alone.
“These numbers are impressive – and I want to thank all of our advisers for the great work they do, every day, to deliver brilliant mortgage advice across the UK. They’re truly appreciated by the Stonebridge team.
He added: “While some of our competitors pulled back in 2024, we invested in our people and technology.
“People notice that, and we believe that is why more advisers joined Stonebridge than any other network in each of the past three years.
“One of the highlights of 2024 for me has been the enormous increase in the amount of protection written by our advisers, with 17% more clients getting advice from us and choosing hugely important protection policies, thereby protecting thousands more clients and delivering better consumer outcomes.”
Clifford continued: “Whilst we have supported with webinars, masterclasses, sales process training and our new Protection Pulse newsletter, the credit absolutely must go to our advisers, who have worked so hard to ensure that customers are getting the protection advice that they need.
“2024 was a great year and we are proud of what we have achieved as a collective.
“But now our focus shifts to ensuring that 2025 is another year of strong growth for both Stonebridge and our advisers.”
