GMAC-RFC tops £0.5 billion in mortgage lending during October

The figure shows a 136% increase in business to date, compared to this time last year.

Jeff Knight, Head of Marketing Services said:

"We're delighted with these results, which prove that we are going from strength to strength. One of this year's big successes has been our buy-to-let tracker, which has proved very popular over a sustained period".

We are enjoying a controlled, incremental growth which has been achieved by several factors - we offer a range of mortgage products for all types of borrower, across all intermediary sectors; our service continues to be at a high level, and we work closely with our introducers to develop value added initiatives".

Knight added: "We will continue to invest in products, technology and distribution in order to achieve our goal of becoming a top ten lender".