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GMAC-RFC portfolio sale

GMAC-RFC has completed its second portfolio sale to Oakwood Homeloans. The 330m deal comprised a pool of prime, buy-to-let and self-cert deals.

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RBS interest in brokers cools

The Royal Bank of Scotland has admitted that it stepped back from the broker market in the first half of 2006. In its half-year results it says: “Intermediaries are an important distribution channel for mortgage products in the UK and we are an active participant in this channel, although there can be significant swings in […]

PMPA members increase business with GMAC-RFC

Members of the Professional Mortgage Packagers Alliance have seen an increase in business from the GMAC-RFC’s Partners range. The second quarter of the year showed GMAC-RFC Partners business levels up 25% on the preceding three month level overall.Jon O’Brien, PMPA director of operations, says: The sub-prime sector is experiencing high demand at the moment, which […]

Advantage to host Flexishare workshops

Advantage, a Morgan Stanley Group company, has revealed the dates and venues for its forthcoming mortgage intermediary Flexishare workshops. The workshops are set to start on August 16 at the Hilton Hotel in Glasgow and will then travel to nine other destinations across the country. The workshops will feature an presentation about Flexishare, a question […]

Leeds launches three-year fixed rate mortgage

Leeds has launched a three-year fixed rate mortgage at only 4.49%, which is currently the lowest three-year fixed rate available in the market.Jeff Kirk, corporate relationship manager at Leeds, says: “This product allows clients to fix their payments at a rate which is significantly lower than any other three-year fixed rate in the market and […]

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]

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