Connells Group has reported a surge in profits for 2024 with pre-tax earnings surpassing £60 million – a sharp rise from the previous year.
The strong financial performance cements the Group’s dominant position in the property market and highlights its resilience in a challenging economic climate.
Central to Connells Group’s success is its Lender Services division, which spans surveying, mortgage and asset management businesses.
In 2024, the division played a pivotal role in propelling the Group’s growth, delivering over half a million RICS valuation and survey reports – a clear demonstration of its critical support for homebuyers navigating the property transaction process.
MORTGAGE DISTRIBUTION
Mortgage distribution also hit impressive heights, with total mortgages arranged across the Group’s various channels exceeding £31 billion.
This included helping thousands of first-time buyers secure their first homes, reinforcing Connells Group’s commitment to supporting aspiring homeowners.
A key milestone for the Group in 2024 was the major restructuring of its Network and Club businesses.
The move saw the creation of three distinct divisions: Network (Mortgage Intelligence), Club (Next Intelligence), and Specialist Broker (Dynamo). This strategic overhaul aims to enhance support for broker customers, streamlining services and better aligning with their needs.
Adrian Scott (main picture), Group Lender Services Managing Director, says: “2024 has been an excellent year for Lender Services at Connells Group, driven by our ongoing focus on delivering quality service and our commitment to meeting the needs of all our customers, including lenders, brokers, and borrowers.
“Looking ahead, we are investing heavily in our technology, our use of data and our ways of working to meet our customers’ constantly evolving needs more efficiently and effectively.”
