Simplybiz Mortgages reports higher lending and market share Mortgage Finance Gazette

Img

Simplybiz Mortgages has posted a rise in its full-year lending and overall market share.  

Photo

The business reported a 3.7% rise in total lending to £23.7bn in 2024. 

It added that its overall market share lifted to 4.7% from 4.5% in 2023, in a brief stockmarket update.

Simplybiz Mortgages chief executive Martin Reynolds (pictured) said: “We’re pleased to report such positive performance from Simplybiz Mortgages, especially in the middle of a cautious, but recovering, market.”

The unit is part of Simplybiz, which is in turn subsidiary business of Aim-listed Fintel, which released its results last month. 

Also, last month, Simplybiz appointed Tom Hegarty as chief executive of the financial services consultancy.   

Prior to his new role, Hegarty worked at M&G Wealth Advice, leaving as managing director after six years. 

Previously, he worked as managing director of the New Model Business Academy, a not-for-profit subsidiary of Fintel.