Jeff Knight, Head of Marketing Services at GMAC Residential Funding, says: "This is an extremely competitive mainstream product which reinforces our position as an all status lender. At a time when interest rates appear to be increasing these fixed rates should appeal to a wide range of intermediary clients."
Mainstream 2 year Fixed rates to 1st July 2006
4.95% to 75% LTV
5.15% to 95% LTV.
· Rate security for the first 2 years
· Allows 25% penalty free partial repayment per 12 month period
· No Early Repayment Charge 'tail', ERCs 3% in the fixed period only
· Mortgages available on a 'let and Buy' basis, up to 95% LTV
· £495 arrangement fee
For further information on GMAC-RFC please visit www.gmacrfc.co.uk
