GMAC has launched a new range of products for the non-conforming sector that are tailored for clients in different parts of the country.

Julie Gaskin, corpo­­rate relations manager at GMAC, said it had looked at average loan sizes by county to see how it could give clients a better product based on circum­stances. She explained: “This offers them a choice on a lower rate with a higher arrangement fee or a higher rate with a lower arrangement fee.”

Gaskin continued: “We have established that with the average loans in Berkshire, London, Surrey, Middlesex, Hertfordshire and Berkshire, it is more cost-effective to take a product that has a lower interest rate.”

Gaskin added that for the average loans in some areas, such as Lanarkshire, Yorkshire and Greater Manchester, it was more cost efficient to go for a higher rate with a lower arrangement fee.