The offer will run up to and including 31st August 2006 on GMAC-RFC Partners products and all SPML products.
Other FMO lenders may be added to this offer shortly.
Debbie Lloyd, FMO’s operations director, said “Following our World Cup ticket promotions with both GMAC-RFC Partners and SPML we have decided to maintain the momentum gained with these lenders’ products and offer free valuations across their entire product range. This offer will last until 31st August 2006 and will still entitle the Adviser to probably the highest procuration fees available.
"We have chosen GMAC-RFC and SPML because of their products and, just as important, the service we are able to offer with these lenders which is evidenced by the time from receipt of application to formal offer currently averaging six working days. Clearly we are looking to maintain this turnaround time, and with GMAC’s and SPML’s technology and their in-house underwriters we know that we can increase business levels without compromising service levels. We are also aware that Mortgage Advisers operating in the non-conforming market deal with applicants that have not met payments on their credit cards and loans, so to expect them to find upfront valuation fees is often difficult if not nigh on impossible. FMO’s offer will help to overcome the delays often experienced with submitting applications until the client can save the fees”
