Mortgage and protection network Stonebridge facilitated £13.5bn of mortgage lending in 2024, a record for the firm.
This was higher than its total of £12.4bn in 2023, and its best month was December, when it arranged £1.32bn in lending.
Announced at its annual conference in Birmingham today, chief executive Rob Clifford revealed that 44% of the network’s cases were for house purchases, up from 26% in 2023.
Some 13% were for buy-to-let (BTL) cases, and product transfers made up 31% of business in 2024, down from 40% the year before – signalling a shift back to remortgage.
Stonebridge’s advisers arranged a record number of insurance policies for clients, with this rising 17.4% annually. The number of general insurance policies facilitated was up by a tenth compared to 2023.
Stonebridge said more firms joined the network than its competitors in 2024 for the third year running. The business welcomed 93 new advice businesses, taking the total number of member firms to 658.
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Clifford (pictured) said: “We’re delighted with how 2024 went. Our member firms are now doing business with around 100,000 customers a year, arranging more than £13.5bn of mortgages in 2024 alone. These numbers are impressive – and I want to thank all of our advisers for the great work they do, every day, to deliver brilliant mortgage advice across the UK. They’re truly appreciated by the Stonebridge team.
“While some of our competitors pulled back in 2024, we invested in our people and technology. People notice that, and we believe that is why more advisers joined Stonebridge than any other network in each of the past three years.”
He added: “One of the highlights of 2024 for me has been the enormous increase in the amount of protection written by our advisers, with 17% more clients getting advice from us and choosing hugely important protection policies, thereby protecting thousands more clients and delivering better consumer outcomes. Whilst we have supported with webinars, masterclasses, sales process training and our new Protection Pulse newsletter, the credit absolutely must go to our advisers, who have worked so hard to ensure that customers are getting the protection advice that they need.
“2024 was a great year and we are proud of what we have achieved as a collective. But now our focus shifts to ensuring that 2025 is another year of strong growth for both Stonebridge and our advisers.”
