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RAMP members see completions rise

The Regulatory Alliance of Mortgage Packagers says completion figures for its membership were up 18% in October against the same month in 2004.

And year on year, completions are up by 25%. RAMP was founded two years ago to bring together packagers and mortgage distributors in preparation for a regulated mortgage market.

John Rice, managing director at RAMP, says: “RAMP members continue to forge ahead in what is still a flat market.

“There is plenty of circumstantial evidence to suggest that there are many packagers and brokers out there struggling to come to terms with a changed marketplace.

“RAMP has had time to develop strategies based round a strong compliance stance backed up by robust working relationships with our lending partners, from which RAMP members have benefited.”

Mark Leaper, managing director at RAMP member Vesta Money, says: “RAMP membership is a vital plank of our strategy at Vesta Money.

“Having a business which has both intermediary and direct arms, we have been able to benefit considerably from the compliance input as well as the pooled experience represented by the membership.”


Beacon homes in on Morris

Beacon Homeloans has appointed Beverley Morris as national sales manager. Brian Pitt, director of Beacon, says: “This appointment will bring added expertise to our management team. We have ambitious plans for 2006 and Morris will help us achieve our goals. It also shows our commitment to the packaging community and to the Regulatory Alliance of […]

C&G reveals plans to create intermediary sales force

Cheltenham & Gloucester has revealed it plans to overhaul its branch-led approach to intermediaries and create an intermediary sales force. The announcement comes two weeks after Mortgage Strategy exclusively reported rumours that Lloyds TSB was considering turning C&G into an intermediary only brand. As part of the approach, C&G will deploy sales managers around the […]

Kensington added to Advantage’s branded panel

Advantage Home Loans has added Kensington Mortgages to its branded panel.Kensington is the sixth lender to come on board with the launch of the K600 range.Exclusive highlights include free valuations, to a maximum property value of 500,000, cash back on all schemes and additional on-line premiums for enquiries made through e:valuate. Kate Huet, marketing director […]

xit2’s HIP technology is ready

xit2 has confirmed that the final piece of the technology jigsaw to support lenders when HIPs are introduced, receiving a valuation on the property , is in place and ready to go. The core element of the Home Information Pack is the Home Condition Report. This will provide a highly detailed summary of the property […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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