GMAC-RFC has today announced its biggest ever portfolio sale, worth £1.1bn, to Bradford & Bingley.
The £1.1bn deal includes prime, self-cert and buy-to-let assets and is the fifth transaction between GMAC and B&B since the beginning of the year.
Craig Beresford, director of asset sales at GMAC-RFC, says: “I am absolutely delighted that we have been able to deliver our largest ever sale to one of our longest standing, trading partners. This is the twenty third transaction between ourselves and Bradford and Bingley and is testament to the strength of the relationship between the two organisations.”
The huge sale also marks GMAC-RFC’s 100th portfolio sale.
Beresford adds: “GMAC-RFC looks forward to continuing to successfully trade with all our partners, and to continue adding to our portfolio of whole loan investors over the coming months and years.”
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