GMAC-RFC has announced its sixth portfolio sale to West Bromwich Mortgage Company Limited. This £145 million deal, comprising a blended pool of prime, buy-to-let and self-cert products, was completed on 31 May 2005. Craig Beresford, head of asset sales at GMAC-RFC, said: “We are delighted to be building on our existing partnership with this trade.”
BDS adds Nationwide to pane
BDS Mortgage Group, the South-Coast-based mortgage packager and distributor, has announced it has added the UK’s fourth largest mortgage lender, Nationwide, to its direct lender panel. This addition follows its launch with new lender Victoria Mortgages and takes the total number of lenders available via BDS to 58.
Mortgage Intelligence launches BTL exclusive
Mortgage Intelligence has launched a buy-to-let product, with a rate of 4.79 per cent. Available exclusively to Mortgage Intelligence members, the Norwich & Peterborough deal is fixed for three years before reverting to Bank Base Rate plus 1 per cent for the remainder of the term. There is no overhang.
Scarborough launches fixed rate
Scarborough Building Society has launched a new portfolio of fixed rate mortgage deals ranging from two to ten years. It includes a 3.99 per cent deal for a flexible two-year fix followed by a rate guaranteed to track 0.99 above Bank of England Base Rate for a further three years.
Genesis adds Victoria to panel
Genesis Home Loans has announced the addition of new non-conforming lender Victoria Mortgages to its branded lending panel. Nigel Gardner, business development director of Genesis, said: “We have been very impressed with the launch so far and the amount of enquiries generated. The addition of Victoria to our branded lending panel enhances an already impressive in-house underwriting service.”
House buyers want rural setting
NOP research, conducted on behalf of Halifax Estate Agents, asked which one aspect of a property’s location is most important. The results revealed that at heart we all dream of a country cottage, with over one in four respondents listing ‘proximity to the countryside’ as the most important factor when considering a potential location.
FSCS board appointments
The FSA has appointed three non-executive directors to the Board of the Financial Services Compensation Scheme (FSCS) – Alexandra Kinney, Christopher Woodburn and Terry Connor.
Kinney is a non-executive director and chairman of the Audit Committee for the Skipton Building Society, as well as an adviser on Risk and Performance Management to the boards of a number of insurance companies and investment banks.
