Crystal Specialist Finance has attracted investment from the private company Pagos Holdings I Limited.
Pagos has taken a passive minority stake, providing funds that Crystal says will be used alongside its own capital reserves to make acquisitions, “which serve mortgage brokers and professional introducers,” Crystal says.
She adds that she is currently in “advanced negotiations” with a number of companies in line with her acquisition strategy.
Jason Berry, Crystal Group Sales and Marketing Director, said: “The specialist market is expected to offer tremendous opportunities over the next few years, so this new investment coupled with our own acquisition funds comes at the perfect time for us. .
“It provides a war chest that we will use diligently to grow both organically and through acquisition.”
He continues: “Our specific proposition is attractive to investors because of the depth of experience and activity that we offer in the specialist market.
“Based solely on the value of the loans Crystal has made in 2021, if we were a specialty lender we would be comfortably seated at the top table.”
And Simply Biz Mortgages managing director Martin Reynolds said: “[This year] promises to be very busy for mortgage brokers with a record number of terminations and the continuation of a very active buying market.
“This can create time issues when it comes to placing, administering and completing complex applications. Therefore, specialist distributors who offer the best SEO solutions or who support brokers with accurate placement, accompanied by consistent service, will thrive the most.
“It is very positive to see a company like Crystal looking to invest in and support this growing market.”