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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.”


Bust network had turned corner

The report and financial statements for year ending April 30 2003 show Interlink Premier Network turned a pretax loss of £210,086 in 2002 into a pre-tax profit of £401,375, less than a year before going into liquidation on March 19 2004. The report filed at Companies House also discloses that despite heading into financial difficulty, […]

Saffron Waldon Herts & Essex appoints sales and markeing director

The Saffron Walden Herts & Essex has appointed Andy Golding as its sales and marketing director. Golding has responsibility for the sales and business development areas of the society together with picking up day-to-day responsibility for its marketing and product development. He says: “I believeSaffron Walden Herts & Essex is in an ideal position to […]

Flat fees for GMAC partners

GMAC-RFC has designed a flat fee payment structure for its Platinum Partners packagers. This comes amid market speculation that business levels at the Bracknell-based specialist lender have suffered a drop in volume in packaged business since it announced it was stopping all override payments. The decision in January to limit the fees GMAC-RFC paid its […]

FSA moves, but not much

The FSA last week announced the final regulatory reporting requirements for mortgage and general insurance firms including several amendments designed to help smaller firms, following consultation. But the Association of Mortgage Intermediaries is concerned these changes do not go far enough. Smaller firms that had an annual income in the previous financial year of £60,000 […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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