View more on these topics

GMAC-RFC joins Mortgage Promotions&#39 direct access lending panel

GMAC-RFC has joined Mortgage Promotions&#39 direct access lending panel.

Nick Baxter, director at Mortgage Promotions, says: “GMAC&#39s approach to underwriting and competitive products has always made it a popular choice with mortgage intermediaries and I am pleased that GMAC decided to give our members direct access to them.”

Peter Izard, key account manager at GMAC-RFC, adds: “Mortgage intermediaries have always been an important source of good quality business for GMAC. We are delighted to form a relationship with Mortgage Promotions who has been able to prove a substantial influence in the mortgage market.”

Recommended

Regulation means an IT revolution

The lack of urgency in the mortgage industry over the preparation for regulation is astonishing. Consider the havoc the regulated sales process has wrought in life and pensions. The additional cost of sale that regulation creates has caused numerous life assurance companies to close to new business and the problems that have flowed from non-compliant […]

Skipton launches 3 year capped rate mortgage

Skipton has launched a flexible 3 year capped rate mortgage with an initial discounted rate of only 3.24%. The rate is capped at 5.99% until March 31 2007, with a 2.50% discount off the Society&#39s variable rate until September 30 2004. It is available up to 95% LTV, with free MIG up to 90% LTV […]

Don&#39t wait too long to take out a loan, warns AA

The AA is maintaining its lowest-ever internet loan rate (6.5 per cent typical APR) during the run-up to Christmas despite warnings that the days of low-cost loans may be numbered. Neale Phillips, the AA&#39s general manager, financial services, says: “The recent increase in the Bank of England&#39s interest rate is expected to be followed by […]

Two in five adults choose property over pensions

Two in every five adults would choose property over pensions to provide for their retirement, a report by Mintel reveals. This figure is compared to just one in four who would consider a company pension and a mere one in six who would consider a personal or stakeholder pension. The report shows that property proved […]

Newsletter

News and expert analysis straight to your inbox

Sign up