The lender has trimmed its whole of market distribution to 150 bro-kers and packagers. Brokers wish-ing to do business with the lender will have to tie up with one of the remaining agencies.
GEMHL has also made a number of tweaks to its igroup and First National ranges.
Matt Tristram, director of secured loan broker Loans Warehouse, says: “We are pleased that GEMHL has shown its continued commitment to the market.
“Most importantly, it has maintained rate, commission and LTV levels, which are the key factors for brokers.”