Speaking about the new relationship, John Webster, chief executive officer of Swift, commented: “RAMP is a proven professional and cooperative distribution channel. Their members all have a clear understanding of the importance of the regulated environment and are already providing thoughtful input into future product design.”
Acquired by venture capital group, Alchemy Partners, in May 2004, Swift lends in both the first and second charge markets and recently posted a 70 per cent increase in business in the first quarter of 2006 over the same period in 2005. Swift has adopted a strategy of expanding its business through targeting large potential business sources, backed up by newly recruited sales staff in key areas.
RAMP’s managing director, John Rice, added: " Swift is a lender with an appetite to build its business and has interesting facilities for both non-conforming mortgages and secured loans. Swift has a deserved reputation for excellent service and with the market for secured loans growing rapidly, we are looking forward to working closely to launch ground breaking products together."
