GE Money introduces refinance facility for members

GE Money Home Lending, has introduced a new refinance facility exclusively for its existing igroup mortgage customers.

From October 14 2005, igroup customers will be offered lower rates if they return to igroup for a new mortgage.

The key enhancements include a 0.25% rate reduction on all one- to two-year fixed or discount products on the GEM range, with rates beginning from 4.5%.

Duncan Berry, sales director at first mortgage for GE Money Home Lending, says: “The introduction of this new, easy to understand incentive for customers returning to us for a new mortgage is further evidence of our commitment to our customers and the intermediary sector.

“Our igroup GEM range is now more comprehensive and flexible than ever before.”

*The rate will revert to the prevailing tracker rate for that plan at the end of the product period.”