Miscalculated Mortgages With GMAC-RFC Paratus
Mortgage products were sold with a great deal of enthusiasm throughout the 1990s and well into the 2000s, both by traditional lenders such as banks and building societies and by non-mainstream (known as sub-prime) companies such as GMAC-RFC. There was a great deal of money to be made in this sector before the economic crash brought things to a halt in 20018.
GMAC-RFC mortgages were popular with borrowers, and the company went from strength to strength. By the time their activities stopped, they had borrowed money to well over 300,000 people. If you were one of them, there’s a good chance that at some point the repayments on your mortgage were miscalculated. To find out more, a call to 0800 193 1234 is all you need to get started.
Here at Beat the Banks, we offer a free mortgage audit for those who borrowed more than £75,000 from GMAC-RFC, now known as Paratus. Whether you were borrowing to buy your own home or to purchase a buy to let property, we may be in a position to bring you some well-deserved justice. We all rely on our financial institutions to treat us fairly and charge us the right amounts, but when this doesn’t happen something should be done about it.