Victoria Mortgage Funding
10 September 2007
Victoria Mortgage Funding Limited has today been placed in administration. Christine Laverty and Michael McLoughlin of KPMG have been appointed as joint Administrators. The firm is a small wholesale mortgage lender which represents about 0.064% of the mortgage lending market.
The firm, which is based in London, believes that up to 381 customers who have current mortgage offers may be affected.
GMAC RFC has offered to review potential completions for home purchase transactions due in the next three days with a view to providing these borrowers with a mortgage loan. Customers should contact the Administrators at KPMG for further information.
The firm has provided packagers/brokers with relevant case application details to help secure alternative mortgages for remaining customers.
All customers of Victoria should contact the Administrators at KPMG for further information.