View more on these topics

GMAC-RFC enhances non-conforming mortgage range

GMAC-RFC yesterday announced details of its enhanced non-conforming mortgage range. Rates start at just 5.24%, with a choice of competitive discounted and fixed rates that are available on a status or self cert basis.

The range was designed after careful analysis of market data that showed that borrowers have a wide range of varying levels of adverse credit.

Jeff Knight, head of marketing services at GMAC-RFC, says: “One thing that we found in our research was that the majority of non-conforming borrowers had just minor levels of adverse credit. These new rates are designed with the needs of such borrowers in mind and are very close to mainstream rates, allowing intermediaries to punch their true weight.”


Homefast seeks partners

Volume conveyancing and remortgaging service Homefast, a recently rebranded division of Sherrards Solicitors, says its priority this year is to form partnerships with a number of mortgage intermediaries and packagers. The division was renamed earlier this month with the aim of making it a national brand in the conveyancing business, building on the relationships it […]

Manufacturing recovery weakens slightly in June

Manufacturers&#39 orders weakened slightly in June but not enough to suggest a threat to the sector&#39s recovery, says to the CBI&#39s Monthly Industrial Trends survey published yesterday. Firms said total order books were marginally below normal in June, having returned to normal levels in May. However, June&#39s result was not sufficiently weak to indicate a […]

BuildStore nominated for two major awards

BuildStore has been shortlisted for two major awards at the National Business Awards for Scotland. BuildStore will make a presentation to the judges in July and the winners will be announced on September 9 at a gala ceremony at the Glasgow Hilton. Sponsors of the event include GNER, NTL Business and Scottish Power. Raymond Conner, […]

Abbey for Intermediaries produces pensions simplification pack for IFAs

Abbey for Intermediaries has produced a pensions simplification pack for IFAs containing support material, which they can use with their clients in the run-up to April 6 2006 (A-Day). The pack will be available from July 2 2004 and contains a guide to maximising business opportunities in the run-up to A-Day, including sample approach letters […]


News and expert analysis straight to your inbox

Sign up