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GE Life slashes its lifetime rate

GE Life has slashed its lifetime mortgage rate from 6.25% to 5.89%.

This is the third cut in this rate since May when GE Life dropped its rate from 7.19% to 6.69%.

Since then a number of providers have followed suit, boosting value for customers and taking lifetime mortgage rates even closer to their standard mortgage counterparts.

Simon Little, marketing and product manager for GE Life, says: “Lifetime mortgages have come a long way since the beginning of this year. With market rates still affordable there’s really no excuse for lifetime mortgage providers not to pass them on.”

Further enhancements to the firm’s product include improved LTV rates for those aged between 60 and 77.

The company has pledged to continue to pay clients 500 cashback on completion for all applications received by the end of this year.


Fidentia launches Hungarian mortgage deals

Fidentia Group has launched a range of Hungarian mortgage deals.Budapest, the capital of Hungary, has enjoyed a property boom recently, and offers investors capital gain of between 15% and 20%, and increasing rental returns currently averaging upwards of 6%. Newton Scott, chairman of Fidentia Group, says: “Whether clients are looking for a mortgage to buy […]

FOS might drop case fees

The Financial Ombudsman Service is looking to increase the general levy – at present only 25 per approved person – and do away with the 360 case fee altogether.

Skipton networks Pink and Enable merge

Pink Home Loans and Direct Life & Pension Services (Enable) are to combine their two mortgage and insurance networks.Both owned by the Skipton, the aim is to provide enhanced benefits to the membership of both and to create management efficiencies in the running of the groups network services.The combined network will trade under the banner […]


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