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Packagers stress importance of sub-prime

Almost 90% of packagers polled by The Mortgage Business think the sub-prime is the most important market segment from their point of view and an area vital to future business.

Self-certification was voted as the next most important segment with more than four in ten saying that it is vital, followed by one third citing buy-to-let.

One in seven say mainstream mortgages are considered vital while exactly the same proportion claimed this area is not at all important to their future business as a packager.

Only one in five packagers think the most positive thing about the future of the packaging industry was the continuing strength of their companies.

Nigel Payne, managing director at TMB, says: Its no surprise to hear that confidence is high within the sector and our commitment to packagers as a key distribution channel remains firm.

Despite some doom-mongers casting aspirations to their future, the sector has continued to thrive post-regulation and there is no reason why it should not continue to do so.

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