RAMP members see record September

The Regulatory Association of Mortgage Packagers saw record completions in September.

Completions were 29% up from the same month in 2004 and overall showed a 26% rise, year on year.

John Rice, managing director of RAMP, says: “Good news in the mortgage market is in short supply at the moment but RAMP’s experience this year bucks the trend.

“On the anniversary of Mortgage Day, we can see this first year of regulation has been marked by a definite flight to quality.

“Without taking anything away from smaller companies, brokers and customers have seen the value in dealing with distributors who not only have good products but can also provide the comfort of robust compliance standards.”

Wayne Smethurst, partner at The Finance Centre, adds: “With its continuing sales success it is heartening to see the idea of forming a cooperative venture like RAMP, which brought together like-minded companies, has borne real fruit.

“TFC had a record September and our membership of RAMP has been a crucial component of our success.”