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Packagers access GEMHL deals

Manor Mortgages, All Types of Mortgages and Enterprise Group have secured places on GE Money Home Lending’s distribution panel, after the lender revealed it is to cut its lending volumes dramatically.

They join 15 other brokers and packagers that offer igroup products.

Manor is offering a range of mortgages from igroup that are free of early repayment charges if it is given a month’s notice. The products are for remortgage only, with defaults considered.

They have a maximum LTV of 70%, a maximum loan size of £250,000 and all satisfied County Court Judgements are ignored.

Enterprise will continue to offer second charge loans from First National including Openloans for Openwork and Loans of Choice for Home of Choice, via Enterprise Finance.

First mortgages from igroup will also be available through Enterprise Broker Services and its subsidiaries.

Michael Clapper, group chief executive of Enterprise, says: “As lending restrictions continue to be a problem for everyone in the mortgage chain it is gratifying that GEMHL has not only continued to provide funding but also selected us as one of its key distributors.”

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