Taylor Wessing completes £460m deal for GMAC-RFC

Taylor Wessing has advised GMAC-RFC Limited, the UK's 10th largest mortgage lender, on a deal totalling around £460m, bringing the total value of deals Taylor Wessing has advised GMAC-RFC on in the last 10 months to over £2bn.

GMAC-RFC, is a wholly owned subsidiary of Residential Capital Corporation which is in turn an indirect wholly owned subsidiary of General Motors Acceptance Corporation.

In the most recent set of deals for GMAC-RFC, Taylor Wessing advised on the sale of a portfolio of loans valued at around £460m to the Mortgage Agency Services Number Four Limited, a subsidiary of Britannia Building Society.

Taylor Wessing Finance Partner, Peter Shepherd led the Taylor Wessing team, which consisted of Andrew Seager, David Gilham and Jonathan Marks (Finance, London).