UK: GMAC REDUCES RATES BY AN AVERAGE OF 1%
Article Abstract:
GMAC, the subsidiary of General Motors, has reduced rates across the board by an average of 1%, and by up to 2% for some borrowers. The company has also changed the way it prices mortgages, introducing more than 1,300 product variations, compared with 20-35 by other sub-prime mortgage lenders. Some 25% of GMAC's business is in the mainstream mortgage sector, which the company expects to increase, according to Simon Knight, marketing director of GMAC Residential Funding.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: INTELLIGENT FINANCE LAUNCHES NEW PROMOTION
Article Abstract:
The Halifax subsidiary, Intelligent Finance (IF) has launched a new promotion of it's mortgage products to mortgage advisors. The company is including a mortgage calculator disc among other marketing aids and a competition. The calculator can be used by mortgage advisors to calculate and demonstrate how much a customer could save if they move their mortgage to IF.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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IRELAND: BANK OF IRELAND LAUNCHES RAPID LOAN
Article Abstract:
Bank of Ireland Mortgages has introduced a rapid loan, which is a three-year stepped-rate tracker for remortgaging only. Free local search indemnity insurance and conveyancing are offered, along with refunded valuation fee. Redemption penalties can be incurred.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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