GE Money Home Lending is to offer its key partners improved products on its First National semi-exclusive range, including a 500 reduction on completion fees.As part of the deal, partners will benefit from lower initial rates plus improved reversionary rates and early repayment charges. The lender is also offering 500 off completion fees which are now just 99 on First National products with LTVs up to 85%. This offer will be available for a limited time and excludes First National’s semi-exclusive prime range and all products with LTVs of 85% or above. David Hollingworth, mortgage specialist at London & Country, welcomes the reduction in fees. He says: “Fee incentives are positive for the market, especially for sub-prime cases. The last thing those who are struggling with money need is higher costs because of fees. Cutting fees improves a product.” Judith White, national sales manager at GE, says: “We’ve seen a huge growth in our branded lending business and First National has been working closely with its partners to develop its semi-exclusive product range. “These changes and the signing up of Genesis Home Loans, Praxis Mortgage Solutions and LMS as new key partners reinforces First Nat-ional’s commitment to the packager community.” She adds: “Our offer of a 500 reduction in completion fees coupled with a reduction in initial and reversionary rates and improved ERC terms will make this offer compelling.”
- Top trends
- Top trends
Salans, the brokers specialist conveyancer, has launched a rallying cry for the government to remove the Energy Performance Certificate from the Home Information Pack to create a workable version of the HIP. Following the announcement three weeks ago that the Home Condition Report would not be mandatory in the HIP, the market has been rocked […]
The papers are full of concern over the huge amount of outstanding unsecured personal debt in the UK. The base rate has edged up 0.25% and the Monetary Policy Committee is widely acknowledged to be ready to recommend raising the rate further. Property possessions are on the up and more people are failing to meet their financial liabilities.
Following on from a successful first quarter, Premier Mortgage Service saw 22.8bn in applications and 16.7bn in completions in the first half of 2006.These results it says puts it in a good position to achieve its full year target of 44bn applications and 33bn of completions. PMS says it has been further encouraged in the […]
The Association of Mortgage Intermediaries has warned that brokers must fully engage with the introduction of Home Information Packs despite the government’s U-turn last month. AMI has just released a factsheet entitled Home Information Packs Update, as a follow-up to its November 2005 factsheet. It aims to provide members with information on the recent changes […]
Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.
News and expert analysis straight to your inboxSign up