The addition of GMAC takes the total of lenders on the RAMP panel to fourteen. It joins TMB, Kensington Mortgage Company, First National, Preferred Mortgages, Capital Home Loans, Igroup, Platform, MPLC, SPML, Future, The Blemain Group and London Scottish and Commercial 1st.
John Rice, Managing Director of RAMP, said:"With the appointment of GMAC to the panel, we now have an extremely strong set of lending partners covering all areas of the marketplace including prime, non-standard, BTL, seconds and bridging. GMAC are a very significant player and I am pleased to have them on the panel."
Godfrey Blight, Sales Director of GMAC, said: “GMAC is very supportive of the packager channel and is only too happy to join the RAMP lenders’ panel.”
RAMP members account for £4bn of the non-conforming market per year, more than one in three of all sub-prime mortgages. Founder board members comprise Beacon Mortgages, County Group, EM-Financial, Enterprise Homeloans, IMB, MD Nationwide, Pavillion Securities, Solent Mortgage Services, The Finance Centre and Vesta Money.
