GMAC-RFC announces record month

The UK's 13th largest lender has announced its highest ever monthly figures with applications totalling £949 million. In addition, completions for the first quarter of 2004 have been in excess of £1.5 billion.

Jeff Knight, Head of Marketing Services at GMAC-RFC, said: "We have a consistent approach to pricing and our 'mortgages for everyone' proposition has led to a steady increase in new applications, across all products from mainstream to non-conforming."