Which? Mortgage Advisers today welcomed local politicians, business leaders and lending partners to celebrate the official opening of its new offices and the ongoing expansion of the service.
Having launched to consumers in May 2011 with a team of just five advisers, Which? Mortgage Advisers now employs 65 brokers and a total personnel numbering almost 100 people. It has doubled its adviser and administration teams in the last six months alone and last September promoted a quarter of its advisers into either senior or management roles.
Which? Mortgage Advisers differs from many of its competitors in paying its advisers a salary rather than commission. This helps maintain their independence and ensures they remain fully committed to finding each borrower the right mortgage for their circumstances. Their advisers also search the whole of the market to find the most appropriate mortgage, rather than a limited panel.
The independent mortgage advice service now occupies an entire floor of the One Castlepark complex in Bristol, recently annexing another wing of the building to accommodate its growing workforce.
In addition to expanding its team, the number of mortgages written by the business each month has also increased ten-fold in the two years since January 2012.
Mike Lawton, Managing Director of Which? Mortgage Advisers, said:
“Which? Mortgage Advisers has gone from strength to strength over the past few years, but our independent advisers want to help as many people as possible find the right mortgage for them. Bristol has proved to be the perfect base for our dedicated team and we are proud not only to have created so many jobs in the local area, but also to have helped consumers from all corners of the country.”
Paul Wilson, Chief Executive of the West of England Local Enterprise Partnership, commented:
“It’s great to see an example of a flourishing business like this, creating jobs and growth in our region. Which? Mortgage Advisers has been ambitious with its plans, creating a highly successful and fast-growing business in tough market conditions in just a couple of years. It has generated a substantial number of jobs and is investing in both its staff and premises, as well as looking at further expansion.”
Notes to editors:
The event was attended by Paul Wilson, Chief Executive of the West of England Local Enterprise Partnership, Stephen Williams MP (Liberal Democrat MP for Bristol West) and a number of representatives from various mortgage lending institutions.