Gmac-RFC is launching a new range of non-conforming products exclusively for packagers and remote processors.
Gmac is keen to build on its relationship with the packaging sector and will be launching further packager-only products.
The non-conforming three year fixed rate has four levels of adverse for both standard and right to buy mortgages. LTV starts from 75 per cent and goes up to a maximum of 95 per cent on light adverse and to 85 per cent for all other levels. Rates start at 5.65 per cent.
Head of marketing services Jeff Knight says: We have seen a dramatic increase in our packager business over the last few months. We are further supporting this sector with an exciting new range of products.