View more on these topics

GE revamps products to boost self-cert business

GE Money Home Lending has revised its First National product range to attract more self-cert and lower LTV business.

The revamp includes the removal of self-cert loadings for first-time buyers and the introduction of light products up to 85% LTV. GE has also reduced rates on its ultra light range starting from 4.29%. Other enhancements include higher self-cert proof of income thresholds and proof of residence reduced to 12 months.

Duncan Berry, director first mortgage sales at GE, says: “The focus is on attracting more self-cert and lower LTV business and, over the next few months, we are planning additional changes.”

Kevin Morgan, managing director at Consilium, says: “The 85% LTV for first-time buyers is attractive as long as it isn’t abused and brokers protect themselves.”


Payment refund promotion from SPML

Southern Pacific Mortgage Limited has launched a six-week special offer on all products which enables applicants to qualify for a refund of one month’s mortgage payment. The offer only applies to applications received between June 5 and July 17 which complete on or before September 30. SPML must receive the first three-monthly mortgage payments in […]

Skipton launches calculator

Skipton has launched a mortgage calculator that allows users to input the amount they want to borrow, the term over which they want to pay it back and the rate of interest on the mortgage, and calculate how much their monthly repayments will be. Users can also change the amount of the loan, the term, […]

Brokers dismiss A&L research on Brits’ financial habits

Brokers have held up the red card to research from Alliance & Leicester that claims Britons are more prone to stick to their lender rather than shop around for a better deal. A&L’s research shows that 85% of borrowers tend to stick to their financial providers, spurring the bank to make the analogy that borrowers […]

Future base rate rise will increase financial hardship for consumers

Lisa Taylor from says a future base rate rise will effect consumers, especially those who have borrowed to the max and dont have the comfort of a fixed rate mortgage.Taylor says: Recent economic signs do not paint a very rosy picture for UK consumers, with rising bad debts, unemployment levels, unsecured debt levels at […]

Could Proptech revolutionise construction?

By Rebecca Murphy, relationship manager, LendInvest  The construction sector offers enormous potential when considering the implication emerging technologies could have on both existing processes and final results. While the completion of an entirely 3D-printed office block may be ‘sexier’ news than a new smart toolbelt that tracks the wearer’s location on site, each area of development […]


News and expert analysis straight to your inbox

Sign up