The group said it had processed over £200 million worth of packaged business in March.
Chris May, director of The Mortgage Times Group, called the developments ‘exciting’ and said: “These figures do not take into account what we are doing through our direct to lender club, which is considerably more.”
As part of the expansion plan the group is in the process of purchasing a further 6,000 square feet of floor space at its head office in central London.
Jeff Knight, head of marketing services at GMAC-RFC, commented: “This year will be all about the winners and losers in the packaging industry. Those who add value will continue to prosper and grow. The news from Mortgage Times shows that the packager industry is not disappearing.”
The Mortgage Times Group also announced that London Scottish Mortgages has joined its packaged panel, taking the number of lenders available to 20.
Richard Stokes, head of product development at The Mortgage Times Group, said: “This appointment will give our introducers access to an excellent range of facility-based mortgages. London Scottish Mortgages has particular expertise in non-standard construction and properties which other lenders may reject.”
