Charter Court to lend £1.5bn in 2015

From 2010 to October this year Charter Court completed £2.5bn of lending, while over that period the specialist challenger bank has helped 14,500 buy-to-let landlords and homeowners achieve their property ambitions.

Buy-to-let has made up 62% of Charter Court’s total lending, with the remaining 38% including residential homeowners such as the self-employed who are not well served by high street lenders.

Ian Lonergan, chief executive of Charter Court Financial Services Limited, said: “Passing £2.5bn in cumulative lending and attracting £1.4bn of savings balances is a major milestone for the business.

“Along with other challenger banks of a similar scale, we are bringing a new level of choice and service to customers.

“Our loan performance and service levels remain very strong due to the investment the business has made in excellent people and a scalable infrastructure.”