The Mortgage Business has estimated the size of the packager market to be worth between £28-30bn.
It says the sector has grown by a remarkable 30 per cent since pre-regulation, with the rise coming despite a number of industry figures warning there would be no place for packagers post-regulation.
TMB managing director Nigel Payne says: “These numbers clearly illustrate the important role being played by the packager market in the mortgage industry. It is well documented that many industry figures predicted the demise of the packager market following regulation. In reality, the size of the packager market hasn’t just stabilised it has soared to record levels.”