360 Dotnet hits new record after exceeding

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The Q1 2022 results showed that lending had increased 20% from Q1 2021 by an additional £1.8bn.

NatWest showed the biggest increase in lending with 65% overtaking Halifax in the top lender spot for 360 lifecycle, while Santander makes third place with an increase of 45%.

Sales hit over 45,000 mortgages written in Q1 2022, 20% more compared to the same period last year.

Natwest national account manager Nadine Edwards says: “We’re delighted at NatWest to see our lending increase by 65% and to currently be the top lender for 360 Lifecycle. We greatly appreciate the continued support we receive from the mortgage intermediary marketplace.”

Lender spread percentages remain similar throughout the past 15 months and show 60% to 80% lending is still the highest mortgage written loan to value (LTV).

L&G and Royal London continue to retain the top spot as the largest providers for life and IP policy sales.

The results showed that 360 Dotnet recorded over 12,000 new client portal users in Q1 2022 which is a 10% increase from the end of 2021, having reached over 150,000 in total.

Elsewhere, it was reported that more than 78,000 fact finds have been created in Q1 2022 which is an increase of 18,000 compared to the previous quarter.

360 Dotnet chief executive Ozgur Unlu comments: “We have achieved so much in the past year with our new tools and integrations it is great to see the results. I hope to see these figures increase for the rest of the year so we can have a record breaking 2022.”