GMAC Residential Funding enhances its buy to let range with loans up to 89 per cent LTV
GMAC Residential Funding has reduced its rates across its buy to let range with 2, 3 and 5 year fixed rates.
The new 2 year fixed rate has free legals and 250 cashback for remortgages. Binding decisions can be obtained on-line for all products
There are no upfront paperwork or references required
and no minimum income requirements
GMAC Residential Funding head of marketing Jeff Knight says: The icing on the cake for intermediaries is our unique on-line decisioning system, which can be the difference between securing a buy to let property and losing it. We are the only lender that gives instant, binding decisions on all products at point of sale, in a matter of seconds. So intermediaries can forget old-fashioned DIPs this is the real thing, delivering certainty, higher completion rates and less work for intermediaries.