In brief

Ramesh Sharma

June 1, 2004

GMAC-RFC has revealed applications from its remote processing (RP) partners have reached record highs over the last few weeks.

Anna Bennett, marketing communications manager at GMAC, said: “We’re over the moon with the increased business our RP partners are generating.”

Christopher May, director of The Mortgage Times Group, said: “We’ve worked closely with GMAC-RFC and found this a great RP partnership that provides good service.”

c2 financial extends cashback offer

c2 financial has extended its cashback offer to the Victoria Mortgages heavy adverse range and the whole Mortgages plc range, with the exception of near-prime and near-prime plus, available on all new applications.

The incentive to increase proc fees to 1.25 per cent with 0.75 per cent customer cashback and free valuations also extends across SPML and GMAC-RFC deals.

Your Move Index reveals rush for bargain fixes

The Your Move Remortgage Index has revealed borrowers are flocking to snap-up the last of the best fixed rates. While savings on fixed rates are declining, those on discounted variable rates remained broadly unchanged. Discounted variable rate savings surpassed fixed two, three and five-year deals but 86 per cent of new borrowers still opted for fixes

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