The latest figures to be released by Just Mortgages show that it has experienced a massive spike in its mortgage lending total, as well as a significant increase in profits.
Despite being forced to shut down for a considerable period during 2020 because of the COVID-19 pandemic, Just Mortgages saw its lending for the year rise by 59%. The rise gave it a total for the 12 months of £3.5 billion, and this increase helped it to improve its overall profits for the year, which went up by 20%.
The turnovers for its employed and self-employed mortgage advisor departments in 2020 were £41 million when put together, compared with £27 million for the year before. That represents an increase of 52%. The lender brought in more than 130 additional advisors during the course of the year, taking the number that it employs to 455 in total.
When it comes to those advisors that work with the lender on a self-employed basis, the number rose to 300 by the finish of 2020, compared with 230 at the beginning of the year. This was an increase of 30%. Furthermore, another 60 have joined the self-employed division since the beginning of this year.
Just Mortgages’ National Operations Director, John Phillips, told Mortgage Introducer that:
“While it is certainly not a year that anyone wants to repeat, what shone through is the resilience of both the housing market and our brokers.”
When advisors secure their CeMAP qualification, working for a major lender, either via employment or self-employment, can be an attractive option.
