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igroup enhances first mortgage range

With immediate effect, employed customers selecting products from igroup&#39s GEM 0 and GEM 1 range will be able to borrow up to 95% of the property value subject to status.

Other key features include:

* No higher lending fee payable by the customer.

* Available on tracker, fixed and discounted products.

* Satisfied CCJs ignored.

Sean Webb, chief commercial officer at GECF Home Lending, says: “Following its re-launch in April 2004, igroup&#39s GEM range has received a terrific response from supporting introducers.

“Applications and completion numbers are both running at record levels, keeping the business well on track to record its best lending year ever. These simple but transparent enhancements will ensure the GEM range remains highly competitive and a first choice product for introducers and customers alike.”


Forrester Research to hold Financial Services forum

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On the beat

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Homefast joins PTI Mortgage Club panel

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Monthly house price growth slows to two and a half year low

Nationwide also thinks that the interest rate cycle could be close to a peak, but energy price rises could equate to a further quarter percentage point on mortgage rates for households with £100,000 mortgage. The forecast for house price inflation in year to December 2004 remains at 15%. Alex Bannister, Nationwide&#39s group economist, says: “Price […]


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