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GMAC-RFC’s Partners programme turns over £3.3bn

GMAC-RFC’s Partners programme which has now been running for a year has turned over £3.2bn in mortgage compeletions.

The programme was set up to set up an exclusive product range particularly geared towards the packaging distribution market.

Roger Brown, director of packagers at GMAC-RFC, says: “GMAC-RFC was the first and we remain the biggest lender to work with the distribution partners by way of creating a unique channel for a select number of packagers that we value in the mortgage industry.

“We wanted Partners to represent the packager distribution offering exclusive products and utilising our market leading technology to offer a greater experience to the end customer.”

“We have had a terrific year that has far exceeded our expectations.

“This reflects how we have grown our relationships with our key packager distributors, by way of working closer together, giving them dedicated resource and support.

“We will continue to adapt and work in this rapidly changing market place particularly with a challenging 2007 ahead.”


GEMHL is top RAMP lender

GE Money Home Lending says it has been recognised as the Regulatory Association of Mortgage Packagers’ number one lender for mortgage completions.Colin Shave, chief executive at GEMHL, says: “Over the past few years we have worked hard to deliver a quality proposition for packagers and we are now seeing the benefits in terms of increasing […]

UK second most profitable country for BTL, says Assetz

The UK is the second most profitable country for buy-to-let investors, the latest figures from the Assetz property investment tracker show.The tracker, which records the buying costs, rental yields and capital growth for 14 key investment destinations, shows Poland in first place with a total 165% return on cash investment.It is followed by the UK […]

Tory move to put mutuals on a more equal footing

A Conservative parliamentary backbencher is petitioning for a change to funding limits legislation that currently hampers societies’ mortgage lending potential if the market changes.

Many brokers treat staff unfairly

One in 10 employees in the field of financial intermediation are victims of unfair treatment in the workplace.


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