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GMAC-RFC introduces sub-prime products

GMAC-RFC has introduced a range of sub-prime products designed for its panel of packagers and remote processors.

Jeff Knight, head of marketing services at GMAC-RFC, says: “We have seen a dramatic increase in our packager business over the last few months. We are further supporting this sector with an exciting range of products. The reaction so far has been fantastic.”

Victor Jannels, group managing director of All Types of Mortgages, says: “It is pleasing to see GMAC-RFC demonstrating its continued support of packagers with this range. I am particularly impressed with the rate structure in the light and medium ranges.

“They compete very favourably in this sector and support the need to offer sub-prime products at competitive rates with no extended redemption charges.”


Nationwide’s market share falls

Nationwide has denied losing its grip on the mortgage market after its half-yearly results revealed its share of the net market dropped by 5.4%. The society’s half yearly results show an 8.3% share of the net mortgage market for the period April to September 2005, down from 13.7% in 2004. It also had a reduced […]

Nearly 50% of landlords unaware of HMO regulations

Mortgage Trusts latest survey reveals 46% of landlords are not aware of Houses in Multiple Occupation regulations due to come into effect in April 2006. Of those landlords who are aware of the licensing requirements, 44.2% became aware as a result of media coverage of the regulations while 21.6% became aware through their own research. […]

Go-ahead mutuals make net progress

While the familiar names retain their lead, this year’s lender website study shows considerable progress being made by specialist lenders and building societies, says Frank Eve

Dear Delia

Dear Delia Colin and Mandy bought their council house nine months ago, having been tenants for three years.

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


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