But RAMP has denied that the move is designed to provide more unregulated business for its members.
John Rice, managing director of RAMP, said: “With Capital Home Loans and Mortgage Trust now on our panel this should satisfy the needs of our members in terms of buy-to-let business.
“But adding Mortgage Trust to the panel is purely in relation to our members dealing a lot in buy-to-let. It is not a result of any regulatory factors.”
Rice added that RAMP has no further plans to add any other buy-to-let lenders to its panel.
Austin Jelfs, head of sales and marketing at Mortgage Trust, which provides products for property investors with small to medium-sized portfolios, said: “We are looking forward to working with RAMP and their members. This is a huge opportunity for Mortgage Trust to expand its distribution and to provide competitive buy-to-let solutions through all RAMP’s distribution channels.”
Roger Morris, managing director of RAMP member em-financial, said: “Packagers have to add value. We can’t really deal with mainstream lenders like Halifax as the demand is not there.
“Mortgage Trust is prepared to look at limited companies, offshore trusts and diversity of up and coming property investors. It’s not a question of dealing in an unregulated market. The view is buy-to-let will eventually be regulated anyway.”
The addition of Mortgage Trust takes the total number of lenders on the RAMP panel to fifteen.
It joins The Mortgage Business (TMB), Kensington Mortgages, First National, Preferred Mortgages, Capital Home Loans, igroup, Platform, Mortgages plc, Southern Pacific Mortgage Limited, Future Mortgages, The Mortgage Distributors Co-operative, Blemain, GMAC-RFC and London Scottish.
