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RAMP completes 1bn in Q4 2006

The Regulatory Association of Mortgage Packagers has revealed that it broke through 1bn in completions for Q4 2006 – 23% higher than in 2005.

RAMP’s 10 member companies have produced 4bn in completions during 2006.

John Rice, managing director of RAMP, says: We are predicting growth of around 25% in 2007 for RAMP.

“Panel lenders can look forward to even greater support from our members, who are well placed to deliver greater volumes this year. RAMP will have outperformed the market for the third consecutive year following regulation.

Paul Robinson, chief executive of Solent, adds: RAMP has become a centre of excellence which lenders can trust to deliver volume business in a compliant manner.

“Intermediaries and customers are assured of the widest choice with the best of customer service.


BoI predicts 5% price rise in 2007

Bank of Ireland’s housing market forecast predicts that average house price inflation will be 5% in 2007. It also expects mortgage applications to fall back to about £27bn per month gross and £8bn per month net.

Skipton fixes relaunched

Skipton has relaunched its fixed rate range with rates starting from 5.34%. The society says this means a borrower could make initial monthly payments of just £604 on a £100,000 repayment mortgage.

Leeds launches shared ownership fixed rate

Leeds has launched a 100% fixed rate product and a shared ownership fixed rate mortgage, designed to help first-time buyers onto the housing ladder.There is no higher lending charge with either product, no completion fee and free valuations up to £335. Both the products are also fully portable, so customers can take the products with […]

PMPA hits out at lenders with poor IT links

The Professional Mortgage Packagers Alliance has attacked lenders that have failed to deliver in terms of technology and working with packagers. One sweeping rumour was that the PMPA was referring to edeus although this has been denied. Jon O’Brien, operations director at PMPA, says: “Some companies have been tight-lipped about their dealings with packagers. If […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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