The TMB Survey of Mortgage Packagers for Q1 2007, reveals the average number of mortgages currently being packaged by respondents’ companies is up by 3.7% to 170 cases a month, from Q4 2006 figures of 164 a month.
Just under a quarter (21%) of mortgage packagers say they are handling between 51 and 200 cases each month, while nearly as many packagers (17%) say they are processing up to 50 mortgages per month.
TMB says that its research also shows that the average proportion of all self-cert mortgages being packaged is 36%, compared with 30% for sub-prime, 23% for buy-to-let, 10% for mainstream and just 1% for the self-build sector.
Compared with the figures for Q4 2006, the proportion of self-cert cases being packaged has increased from 33% to 36%, while the proportion of all other types of packaged cases has fallen.
Nigel Payne, managing director at TMB, says: “The packager market is a vital component in today’s mortgage market.
“The emphasis being placed on packager, intermediary and lender relations is increasing, with strong ties between all parties now a must-have in the modern market. “It is no surprise to see self-cert cases topping the charts of cases being dealt with by packagers, as this is an area where extensive specialist knowledge is required.
Payne adds: “Good packagers are perfectly placed to advise on this sector and provide the best solution to all client needs.”