B&B turns to GMAC-RFC, again

The deal would come on top of about £2bn in mortgages already bought from the financial arm of General Motors. Christopher Rodriques, B&B chief executive, says GMAC-RFC is turning into a "second sales force" for the UK bank. B&B also says in its pre-close statement published today that it expects full-year pre-tax profit to hit £260m after a fall in bad loans and a general rise in lending – up from £241m last year. B&B says it has done well on the back of buy-to-let loans, which now account for about half its lending business, and it expects house price inflation to remain strong next...