GMAC-RFC sees record £949m worth of applications in March

GMAC-RFC achieved a record month for applications in March 2004. The UK&#39s 13th largest lender has announced its highest ever monthly figures with applications totalling £949m.

In addition, completions for the first quarter of 2004 have been in excess of £1.5bn.

Jeff Knight, head of marketing services at GMAC-RFC, said: “GMAC has a consistent approach to pricing and its &#39mortgages for everyone&#39 proposition has led to a steady increase in new applications across all products from mainstream to non-conforming.”