Solid progress for SHIP

SHIP says it has written new business worth £251.4m, up 3.3% from the same period in 2004 (£243.3m). Lifetime mortgage business written represents 95% of the total at £238.1m, while the value of Home Reversions written business accounts for the rest, with SHIP adding new business is now equivalent to £1.2bn on an annualised front. Jon King, Chairman of SHIP says: “This quarter’s figures represent a good start to the year, against a background of weak general mortgage lending, with business ahead of the comparable prior year period. The first quarter traditionally sees the lowest leve...