Press Release

Record breaking £42 billion facilitated through 360 Lifecycle in 2022

By 21 February 2023 No Comments
Picture of 360 Dotnet's CEO, for a press release discussing their software's recent impressive quarterly statistics.

Adviser CRM platform, 360 Lifecycle, facilitated over £7 billion in lending in Q4 2022, exceeding over £42 billion for the year, a 13% increase from 2021. This figure is higher than any year previously. Over £12 billion was facilitated in Q3 2022, marking the largest sum from any quarter.

Over 177,000 mortgages were written in 2022, a 13% increase from 2021. Q3 2022 was the highest month with over 50,000.

NatWest sees the biggest increase in lending with +42%, overtaking Halifax in the top lender spot for 360 Lifecycle with over 22,000 mortgages written. Nationwide takes third place with over 17,000. In value terms, NatWest takes the top spot and Halifax and Barclays take second and third place.

Throughout 2022, 360 Lifecycle recorded the highest LTV of 60% – 80%, making up over 40% of the mortgages facilitated.

There were more product transfers completed in 2022 than remortgages to other lenders. Buy-to-let mortgages increased by 16% from 2021 totalling over 17,000.

L&G and Royal London continue to retain the top spot as largest provider for life and IP policy sales.

360 Lifecycle saw a rise of 23% in Client Portal users vs 2021, hitting over 174,000. Over 274,000 FactFinds were created, totalling over 1.3 million since 2015, a 27% increase from 2021. Additionally, 3.6 million case records were handled through 360, +7% from 2021.

Ozgur Unlu, CEO of 360 Dotnet said: “It is brilliant to see another exceptional year for us as we continue to hit record breaking numbers, what an achievement for our team! These figures will continue to grow as we unveil the pipeline for 2023 with new enhancements to our system. It is fantastic to see our clients utilising our tools, we hope to see more advisers adopt our marketing leading technology to benefit them.”

Stephen Cowdell, Head of Intermediary Sales at 360 Dotnet said: “It is excellent to publish our fantastic performance for 2022, despite a challenging market. It’s encouraging to see the adoption of our technology, not only by our customers but also the end consumer, with a 23% increase in Client Portal usage. We have big plans for 2023 and will deliver some further excellent enhancements, maintaining our vision of offering the most comprehensive technology available for mortgage and protection advisers.”