In less than two weeks since it launched its new self-cert range, GMAC-RFC has seen its self-cert applications double.
With rates from just 4.95%, GMAC-RFC believes it has one of the best rates in the market. It also offers a rapid remortgage option on its self-cert discounted rates.
Income multiples go up to 4.5 + 1 for single applicants or 3.75 x joint
Jeff Knight, head of marketing services at GMAC-FRC, says: “I know that the self-cert market will continue to grow in the future, but I dont think it has doubled in less than a fortnight. So it is clear we are increasing our share in this important market.
“Our current two year fixed rate is proving to be very popular. Add to that our fast turnaround times and award winning on-line system and you can see why intermediaries like GMAC-RFC so much.”