How this Barnsley mortgage brokerage is set to double its turnover

The staff at Avail Mortgage Brokers.The staff at Avail Mortgage Brokers.
The staff at Avail Mortgage Brokers.
A mortgage brokerage is on target to turnover more than half a million pounds by the end of the next financial year, after launching in 2019.

Barnsley-based business Avail Mortgage Brokers increased its turnover by 100 per cent at the end of the last financial year, from £160,000 to £320,000.

The firm says expanding to work with clients all over the UK is one reason for the growth, after predominantly working within the surrounding areas of Leeds, Bradford, Huddersfield, York and Harrogate.

Hide Ad
Hide Ad

Avail Mortgage Brokers work with mortgage lenders to help clients find the right deal for them. The property sales boom that the UK has experienced over the past year has also played a huge part in the firm’s recent success. By the end of 2021, the team of 11 is on track to submit more than £70m worth of borrowed capital to lenders, up from £47.2m in 2020, and £18.9m in 2019.

Founder and owner Jamie Megson, who has 14 years of experience in financial services, said: “We’ve experienced significant growth in a short amount of time, and I’m really pleased with the direction the business is heading in.

“As property finance experts, we are specialists in many areas, such as adverse credit, new-build developments, and mortgages for the self-employed - there is nothing we can’t cover.

“Thanks to referrals from partners, word of mouth, returning clients and the property sales boom here in the UK, where buyers have acted quickly to make use of the stamp duty holiday, we’re on track to submit more than 500 mortgages by the end of the year. This is worth about £750,000 to us as a business.

Hide Ad
Hide Ad

“The number of enquiries we get has jumped by ten times compared with the same period last year. We’re now getting up to 500 per month.

“In 2019, we submitted 127 mortgages, and in 2020, it was 300 - so we are steadily increasing year-on-year. In 2022, we will begin our first round of mortgage renewals, which means we should push towards 1,000 mortgage submissions.”

The firm plans to hire five new staff within the next year and open another office in Ilkley.

---

Support The Yorkshire Post and become a subscriber today.

Your subscription will help us to continue to bring quality news to the people of Yorkshire. In return, you'll see fewer ads on site, get free access to our app and receive exclusive members-only offers.

Hide Ad
Hide Ad

So, please - if you can - pay for our work. Just £5 per month is the starting point. If you think that which we are trying to achieve is worth more, you can pay us what you think we are worth. By doing so, you will be investing in something that is becoming increasingly rare. Independent journalism that cares less about right and left and more about right and wrong. Journalism you can trust.

Thank you

James Mitchinson

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.

News you can trust since 1754
Follow us
©National World Publishing Ltd. All rights reserved.Cookie SettingsTerms and ConditionsPrivacy notice