Self-cert boost for GMAC-RFC

GMAC-RFC says less than two weeks after it launched its new self-cert range, applications doubled. Rates on the products start at 4.95% and the lender also offers a rapid remortgage option on self-cert discounted rates. Income multiples go up to 4.5 x single or 3.75 x joint.

Jeff Knight, head of marketing services, says: “We are increasing our share in this market. Our two-year fixed rate is proving popular.”