Peter Beaumont, Sales & Marketing Director at Mortgages plc, explains: “Since M Day we have seen a small number of ‘super-packagers’ or ‘super-distributors’ start to exert their authority in the packaging market. These companies include organisations such as Solent, Advance Home Loans, The Finance Centre, Enterprise, Deep Blue, Em Financial, Pink Home Loans, Optoma, The Mortgage Times, Oxygen Home Loans and Opus, all of whom are writing record volumes of new business.
“These companies have invested heavily in technology, staff, training and have forged close working relationships with leading networks and, as a result, are starting to dominate distribution in the non-conforming sector. It is interesting to see some commentators, including trade publications who historically wrote-off packagers, start to change their tune and acknowledge the importance of this sector of the market.
“At Mortgages plc 90 per cent of our packaged business is now being generated by less than 20 companies, a situation we are happy to see continue developing. These companies can deliver a high quality, fast and efficient service and can guarantee significant volumes of business. This development will inevitably put pressure on smaller regional packagers, many of whom will struggle to survive.”
