View more on these topics

GMAC-RFC completes fourth portfolio sale of 2006

GMAC-RFC has completed its fourth portfolio sale of 2006 to Bradford & Bingley.

The £670m deal comprises of a blended pool of prime, buy-to-let and self-cert products and was completed on the 24 November 2006.

Craig Beresford, director of asset sales at GMAC-RFC, says: “This is the fourth sale of our 2006 agreement with Bradford & Bingley and the eighteenth in our long standing relationship. We are delighted to have sustained such a long and successful partnership between our two organizations over the years and we expect to build on this into 2007 and beyond.”

Beresford continued: “As our UK origination business grows so does our delivery of mortgage assets to the secondary trading market, cementing not only our commitment to our create and trade philosophy but to our partners, be they new or long-standing. GMAC-RFC looks forward to continuing to successfully trade with all our partners, and to further developing the now maturing mortgage trading market.”

Recommended

Unity reveals new offers

Unity Homeloans has revealed several changes to its product range.Unity will now offer 1.5m loans up to 80% LTV, 5 x single and 3.75 x joint income multiples for residential applications.They are also offering 15% builders deposits on Prime buy-to-let extended to three properties per applicant.Ian Nelson, chief executive of Unity Homeloans, says: We want […]

Advantage accepts Right to Buy

Advantage, a Morgan Stanley Group company is accepting Right to Buy applications on its ADV sub-prime range. This follows the lender’s update of the range’s underwriting criteria at the beginning of November, which resulted in ADV becoming even more accessible to borrowers, with improved affordability and some of the best terms available on the market.With […]

72% Of brokers say there should be no age limit

Just 28% of Mortgage Strategy online readers think that lenders should impose a maximum age limit on mortgages. The overwhelming majority, at 72%, think it’s a bad idea. This week, Mortgage Strategy asks: “Do you think house prices will plummet in two years time?” Q: Should lenders impose a maximum age limit on mortgages?

Buyers put off by overseas market

Saga Overseas Homes says despite the huge demand for overseas property in the UK, confidence in buying a second home abroad is lacking.A recent report by market research firm Mintel has revealed that the number of overseas property owners has increased by 45%. However, the report also shows that 61% of adults worry about being […]

Newsletter

News and expert analysis straight to your inbox

Sign up