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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.”

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Mortgage professionals must help reinvigorate the market

The latest industry figures reveal the volume of mortgage transactions is currently at 80% of the levels this time last year, with the shortage of first-time buyers seen as particularly damaging.However, the a session held at the UK Insurance and Financial Services Conference concluded today that lenders and intermediaries will help reinvigorate the market by […]

Money Partners appointment

Money Partners has appointed Jim Nash as national sales manager. Nash will be responsible for managing Money Partners’ teams of key account managers and account development managers.

HML achieves CCA accreditation for Derry call centre

Homeloan Management has achieved the Contact Centre Association Standard Framework for Best Practice accreditation for its Derry call centre. HML is only the seventh company in Ireland to have been granted CCA accreditation and is the sixth in Northern Ireland.The Derry site has been open for little over one year and is HMLs first venture […]

N&P cuts rates

Norwich and Peterborough is reducing rates on its UK and Spanish fixed rate mortgages. Fixed rate schemes over two years will be reduced from 4.78% to 4.68% for a maximum 90% LTV and £699 reservation fee, from 4.98% to 4.84% for a maximum 90% LTV and £385 reservation fee, and from 5.34% to 5.24% with […]

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