GE Money has gone ahead of GMAC and Platform to become the biggest RAMP lender for the first time ever. This performance reflects company’s growth with assets now exceeding £13 billion.
Colin Shave, chief executive officer at GE Money Home Lending, said: "Over the past few years we have worked hard to deliver a quality proposition
for packagers and we are now seeing the benefits in terms of increasing volumes and good feedback on our service and propositions. It is particularly good to hear that we are hitting the mark with RAMP, who demand high levels of service and quality at all times. We intend to continue the good work, building upon this already powerful and fruitful partnership.”
Throughout 2006 and into 2007, GE Money Home Lending has been keen to develop its relationship with RAMP, whose members accounted for almost £4 billion in mortgage completions last year.
During 2006 GE Money Home Lending worked on a number marketing activities and exclusives for RAMP members, such as the ‘lender of the month’ scheme, as well as launching a series of exclusives such as a compelling buy-to-let (BTL) offer and a wide range of finance products such as unsecured loans for packagers.
Through a productive relationship with RAMP, GE Money has long been a strong supporter of the packager community, focusing on its key partner relationships. Today’s announcement further strengthens that commitment and is a solid foundation to build upon throughout 2007 and on.
John Rice, managing director at RAMP, commented: “We have worked closely with GE Money Home Lending for some time now and the current volumes are a testament to their commitment to us. I look forward to further strengthening our relationship in what are proving to be very successful times for RAMP and its members.”
