RAMP sees business boom

The Regulatory Alliance of Mortgage Packagers has reported increased business for members, up 18% in July 2005 compared to the same period last year.

Representing some of the largest branded mortgage arrangers in the country, RAMP has bucked the trend highlighted by the latest Council of Mortgage Lenders figures for lending which shows a market decline of 13% for the same July period.

John Rice, managing director of RAMP, says: “Apart from their undoubted individual business skills, RAMP’s members have benefited from being part of a group which allows them to pool considerable resources to provide better products and services.

“However, just as important is the way in which so many different skills and talents have been brought to the RAMP table.

“RAMP’s progress shows that competitors in the same market can derive huge individual benefit from being part of a dynamic group.”

He adds: “Taking everything into account, with a year-on-year increase in business of 18%, RAMP members are showing it is possible to thrive in a difficult trading environment.”

Wayne Smethurst, senior partner at The Finance Centre, one of the founding members of RAMP, says: “These figures are evidence that the massive investment in time and effort made by RAMP members over the past 18 months has allowed us all to benefit from the general flight to quality and the demand for consumer friendly product innovation.”