This £155 million deal comprises of a blended pool of prime, buy to let and self-cert products and was completed on the 30th November 2005.
Craig Beresford, head of asset sales at GMAC-RFC, says: “We are delighted to be building on our existing relationship with this trade. This is our seventh portfolio sale to West Bromwich, and reflects the importance of key partnerships with repeat buyers.
Beresford continued: “GMAC-RFC continues to lead the UK market in the creating and trading of mortgage assets and looks forward to championing the market throughout 2006 and beyond.”
David Mackay, managing director of West Bromwich Mortgage Company Limited, adds; “We are delighted to continue our relationship with GMAC-RFC by completing our seventh portfolio sale with them. Portfolio acquisitions and the trading of mortgage assets are integral parts of our business and enable us achieve business growth in a controlled and structured manner.”
