Wholesale mortgage group Mortgage Business Solutions has reported business of €859m for 2003, an increase of 46% on the previous year.
MBS, a subsidiary of financial services group IFG, says it now has 7% of the mortgage market.
The company says it expects another record year for new mortgages in 2004, with 50,000 houses being built and interest rates remaining low. It also believes the independent broker market will outgrow the traditional mortgage market as consumers demand independent advice.
