GMAC-RFC reaches highest monthly lending figure of £528m

GMAC-RFC has announced its highest ever monthly lending figure of £528m in mortgage completions.

The October 2003 figure shows a 136% increase in business to date, compared to a year ago.

Jeff Knight, head of marketing services at GMAC-RFC, says: ” One of this year&#39s big successes has been our buy-to-let tracker, which has proved very popular over a sustained period. We are enjoying a controlled, incremental growth and we are working closely with our introducers to develop value added initiatives.”

Knight adds GMAC-RFC will continue to invest in products, technology and distribution in order to achieve its goal of becoming a top 10 lender.