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GMAC-RFC becomes 12th largest lender

This rise through the rankings marks yet another fantastic 12 months for GMAC-RFC, the lender that provides mortgages for everyone from mainstream through niche to non-conforming.

During 2003 alone, the company advanced £4.8 bn in mortgage loans – a staggering increase of 45% on the previous year, in a market that only grew by 27%.

Stephen Knight, executive chairman of GMAC-RFC, says: “We&#39re delighted to have top 10 lender status in our sights.  Our mortgages for everyone approach continues to be popular, and our decision to launch aggressively priced self-cert products at a time when most other lenders in this sector are retreating demonstrates our commitment to get there soon.

“With highly impressive service levels, the launch of our innovative online decisioning system and constantly improved products we expect this success to continue throughout 2004.”


Good company – but what does it really stand for?

Jeff Knight betrayed a hint of pedantry in responding to assumed inaccuracies regarding an article about GMAC. Sorry Jeff, that should read &#39GMAC-RFC&#39 (Mortgage Strategy, August 23). I have recently placed several hefty remortgages through &#39GMAC&#39 and found it to be helpful and responsive – if a little pedantic here and there. But one thing […]

TMB relaunches back into the market

As of tomorrow, Friday 3 September, the company will launch a reduced range of three core products. The Prestige mortgage will be for loans over £500,000, bank base rate plus 0.99% for the life of loan. House 2 House will be a buy-to-let based on income and not rental yield and is a level tracker […]

Genesis tempts ARs with Mini draw

It is giving one lucky intermediary the chance to win a Mini Cooper in the run-up to regulation. The Mini will be given to an intermediary whose name will be drawn from a list of all those who have attended either a Genesis presentation or workshop, or who have spoken to a Genesis representative about […]

Universal launches offset deal

An initial rate of 5% and daily interest means this competitive mortgage is a flexible way to save money. This initial rate is discounted by 1.79% from Universal&#39s standard variable rate, which is guaranteed for the first year. This will be followed by a 1% discount from the society&#39s standard variable rate for the life […]


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