This is an overall year-on-year increase of 26 per cent. While recent Council of Mortgage Lenders (CML) figures showed welcome signs of a growth in mortgage completions in June over figures for May, the year-on-year figures are still down on the same period in 2004.
John Rice, managing director of RAMP, said: “It is encouraging to see that the CML’s figures for June are showing growth for this year which is good for the market as a whole.
“But I am very pleased RAMP members are demonstrating that 2005 is proving to be a bumper year with more year-on-year growth. Clearly at the heart of this is a growing trend among brokers to transact business with larger companies, such as those represented by the RAMP membership.”
Paul Robinson, chief executive of Solent Mortgage Services, a founder member of RAMP, commented: “We had an excellent month in June based not only on the strength of long-term relationships with existing brokers but also through new business from new network partners, backed up by ongoing IT improvements. Our membership of RAMP gives us an extra dimension in the areas of product design and compliance.”
