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.”