RAMP has confirmed its own level of completions has increased by 25 per cent over the past year and it is on track to complete more than £3 billion of non-standard business this year.
Peter Beaumont, sales & marketing director at Mortgages plc said: “We’re delighted with the way our business relationship has developed with RAMP members. We have been able to work effectively together to boost business levels at a time when the mortgage market has experienced a period of slowdown. I have no doubt we will be able to continue this trend over the coming months.”
John Rice, managing director of RAMP, said: “Mortgages plc has become a key lender as far as RAMP members are concerned. The company has a highly competitive product range and has been able to provide a consistently high quality service. Their recent affordability product launch is a highly innovative development and one that we applaud. This is just the sort of
productive working relationship we are seeking to establish on behalf of our members.”
Mortgages plc has recently announced the launch of a new affordability based approach to underwriting, with a bespoke product range which is available to a limited number of key intermediary and packager partners, including many
RAMP members. The range offers the only 2 year fixed rate product in the non-conforming market that is underwritten on an affordability basis.
