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First Mortgage announces 29 per cent rise in turnover


First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and payment protection plans, have just announced a 29 per cent increase on the first six months turnover between 2005 and 2006.

Out of the 29 per cent rise, around 14 per cent is attributable to an increase in both the volume and absolute value of the company’s mortgage procurement fees. The remaining 15 per cent resulted from corresponding sales of ancillary protection products, accident and term life insurance and non core service provisions to other parties.

First Mortgage specialises in providing mortgages, remortgages and mortgage protection plans, regardless of a customer’s financial background. By offering many different mortgage types, First Mortgage have established themselves as one of the leading providers of mortgage products by offering appropriate help to even those consumers with bad credit histories.

The success of First Mortgage can also be seen in its recently launched website, which aims to provide users with a range of information on First Mortgage’s products and services in order to guide users towards the best possible mortgage for their unique needs. So, whether a customer is looking for a selection of mortgage types or mortgage protection, First Mortgage is able to offer appropriate help to all consumers. Additionally, First Mortgage carry out business dealings with a chosen panel of surveyors and solicitors, in order to provide them with mortgage services and administration tracking.

Commenting on the increase in turnover, Don Neil, First Mortgage Financial Controller, stated: “First Mortgage is looking forward to 2007 with some optimism and is now beginning to enjoy the benefits of heavy investment and upgrade of our web based business, coupled with the launch of our Fresh Start Finance project aimed specifically at individuals with adverse credit issues”

From a general perspective the level of growth is forecasted to decline in the second half the year. However, this will be partly due to seasonal fluctuation and is not indicative of any decline in the underlying buoyancy of the Scottish market.

About First Mortgage:
First Mortgage is a trading name of First Mortgage Direct Limited which is directly authorised and regulated by The Financial Services Authority. First Mortgage specialise in mortgages, remortgages and mortgage-related protection, by searching the whole of the UK market for the lowest APR, regardless of any existing bad credit, poor credit ratings, defaults, or even bankruptcy. The First Mortgage services are available online, via telephone and in person at various locations throughout the UK.

First Mortgage is a free UK mortgage search resource which endeavours to source the best mortgage, remortgage and mortgage protection deals from over 150 UK lenders. Mortgage services range from providing basic home-buying information for first-time buyers to full mortgage quotes and loan applications for established property owners.


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