Service provider Bankhall Point One has added GMAC RFC to its lender panel.
Gordon Covell, managing director of Point One, said: “We want our members to have access to a broad range of quality lenders. As Point One is designed to be the single point of call for intermediaries, we aim to meet all their mortgage needs and look forward to working with a market leader like GMAC RFC.”
GMAC RFC’s all-status product range will be available to Point One’s 4000 brokers with immediate effect. Point One, a sister company of IFA support company Bankhall Investment Associates, provides compliance support, exclusive product and commission deals, but it is not a network in the sense of charging fees and imposing ties.
GMAC RFC, the thirteenth largest lender in the UK, has also agreed to become an official sponsor of IFA Promotion (IFAP), the promotional association that represents over 10,000 independent financial adviser firms in the UK, and becomes the second lender to offer its support after Mortgage Express.
Jeff Knight, head of marketing services at GMAC RFC, said: “GMAC RFC believes sound independent advice is central to finding the best lenders and the best deal. We are delighted to support the IFA brand and IFAP’s marketing activities, since we believe that independent advice has a huge part to play in consumers’ decision making process.”