YBS Commercial Mortgages expects to double its workforce this year, compared to 2022, bolstering its teams by a further 20 per cent and building on an 18 per cent increase in numbers during 2023, taking the total workforce to 105.
The commercial lender has taken the opportunity presented by a dip in market activity to undertake a recruitment drive and restructure to enable it to expand and better client support, with a particular emphasis on the regions. This has centred on expanding its regional teams.
MD Tom Simpson said: “The last 12 months have been challenging for the industry, but we’ve taken the opportunity to improve our relationship model and the dedicated personal service we are known for, so that we’re in the best possible position to support our clients when things do, inevitably, bounce back.
“The strength of our balance sheet allows us to provide consistency – even during these times of volatility – and our continued growth is testament to the support we’ve provided over the last 12 months to our brokers and their clients.
“Our commitment to making a real difference in local communities, via the landlords and businesses that serve them, is stronger than ever, and our recruitment drive and internal process review will ensure our teams are always available whenever and wherever brokers and their clients need them.”
The lender has also revealed that it was able to grow its balance sheet by 21.5% in 2023.
