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Advantage Mortgage Services merges with lending arm

Advantage Home Loans will be launched on July 1 with a new logo, corporate identity and improved website.

The company aims to deliver the best packaging and lending service under one brand. Itsbranded range of products will continue to be promoted on both Trigold and Mortgage Brain sourcing systems under Advantage.

Peter Bass, head of sales and marketing says: “Branded lending, encompassing the broadest product range imaginable is definitely the future of the sub-prime market, as every aspect of the mortgage process [from initial enquiry through to release of funds] is completely in our

hands giving us total control over service quality and product delivery. When you factor in significant procuration fee increases, I cannot imagine a serious mortgage professional being satisfied with anything less than a branded solution.”


GMAC-RFC announces portfolio sales

The £120m Amber deal comprises of a blended pool of buy-to-let and self-cert productsand was completed on June 30 2004. Craig Beresford, head of asset sales at GMAC-RFC, says: “GMAC-RFC continues to lead the UK market in the creating and trading of assets. This is our fifth transaction with Amber Homeloans Ltd and we are […]

Investors losing faith in the property market

Just 7% of investors now believe that the property sector offers the best return on investment, research by online financial services provider Ample shows. The figures taken from Ample&#39s Investor Sentiment Barometer, independently researched by TNS, showed a 5% reduction in investor confidence in the property market compared to the previous month. Ample&#39s Investor Sentiment […]

Kick start

Euro 2004 is well underway and while the domestic season might have finished other trends are just emerging concerning those housed in the shadow of the Premiership&#39s elite. Top-flight football is notorious for its excesses, inflated wages, agents&#39 and transfer fees but over the past few months UK house prices have been soaring to levels […]

GMAC-RFC completes its largest securitisation at £1.5bn

GMAC-RFC yesterday closed its latest and largest securitisation valued at £1.5bn through its RMAC programme. This is GMAC-RFC&#39s 15th transaction in the UK RMBS market, and total issuance since 1998 now exceeds £7.8bn. This is the second mixed collateral deal to involve prime, near-prime and non-conforming collateral and the first to involve a tranche intended […]


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