The completion figures continued RAMP’s upward trend in 2005; data from January showed an average increase of 28 per cent when compared to the same period last year.
John Rice, managing director of RAMP, expressed his delight at the healthy trend; it being in stark contrast to the Council of Mortgage Lending (CML) figures, which reported a drop in February 2005 of 18 per cent over the similar period, down to £17.3 billion from £21.1 billion.
He said: “The market is so full of doom and gloom at the moment it is good to be able to announce more good news from RAMP members.
“The brokers who use RAMP members are clearly voting with their feet. There is no doubt that dealing with well-established packagers with a good reputation and the products and service to match is a winning combination for intermediaries.”
Roger Morris, managing director of RAMP founder member em-financial, said: “The figures from RAMP members do not surprise me. If our experience is anything to go by, our levels of business are at record levels and we are busy recruiting staff to maintain our service.
“In talking to other members, their experiences would support the view that 2005 is going to be a great year for RAMP and their supporting brokers and networks.”
