GEMHL unveils purchase range
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GE Money Home Lending will re-enter the purchase market through its igroup brand at the Mortgage Business Expo this week.
Manor Mortgages, along with a limited group of mortgage distributors, has been selected to launch the range.
GEMHL has recently focussed on remortgages rather than purchase deals but now says it has noticed a market shift towards purchases.
The deals will include a one-year discount product at 4.99%, a two-year fixed rate at 5.59% and a three-year fixed rate at 6.04%. The products are available up to 70% LTV for properties up to £500,000.
Gerry Bell, head of marketing at GEMHL, says: “We want to relaunch into the purchase market and give brokers a well thought through package of products as we recognise that there has been a shift in the market towards purchases.”
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