Simplybiz Mortgages, part of Simplybiz and a subsidiary of Fintel, has reported an increase in both lending volumes and market share in 2024, according to figures published in Fintel’s full-year results.
The network’s total lending rose from £22.85bn in 2023 to £23.7bn in 2024 — an increase of 3.72%. Over the same period, the wider UK lending market contracted by 0.86%.
The business also increased its intermediary market share from 4.50% to 4.68% over the 12-month period.
Martin Reynolds, CEO of Simplybiz Mortgages, said: “We’re pleased to report such positive performance from Simplybiz Mortgages, especially in the midst of a cautious, but recovering, market.
“The whole team works hard to ensure we listen to feedback from our members and provide solutions that help them deliver the best service to their clients.
“This year-on-year growth is indicative of our position at the forefront of the sector, and our objective of delivering better financial outcomes to all.”
