Swift joins RAMP lender panel

Swift, the Brentwood-based sub-prime lender, has joined the panel of the Regulatory Alliance of Mortgage Packagers.

Swift was acquired by venture capital group Alchemy Partners in May 2004. The specialist lender operates in the first and second charge markets and recently posted a 70% increase in business in Q1 2006 compared with the same period last year.

John Webster, chief executive officer of Swift, says: “RAMP is a proven professional and cooperative distribution channel. Its members have a clear understanding of the importance of working within a regulated environment and are providing thoughtful input into prospective product design.”

Swift says it has a strategy of expanding its business through targeting large potential business sources backed up by recently recruited sales staff and technological developments such as automated valuations.

John Rice, managing director of RAMP, adds: “Swift is a lender with an appetite to build its busi-ness and has interesting facilities for sub-prime mortgages and secured loans.

“It has a deserved reputation for good service, and with the market for secured loans growing rapidly we are looking forward to working closely in launching products together.”