Enterprise retained on GE panel

Enterprise Group has been retained as key distributor on GE Money’s reduced distributor panel.

Second charge loans from First National, including Openloans for Openwork and Loans of Choice for Home of Choice, will continue to be offered through Enterprise Finance.

First mortgages from iGroup will also remain available through Enterprise Broker Services and its subsidiaries.

Mark Snape, sales director at GE, says: “GE has been careful to ensure we continue to provide funding in a market where others have been forced to pull back.

“Our decision to reduce our distributor panel was not taken at all lightly, but the business quality, technology, and reach of Enterprise always ensured they would remain a key partner for us.”

Michael Clapper, group chief executive at Enterprise Group, says: “Restrictions in lending supply continue to provide issues for lenders, distributors, brokers and customers.

“But it is gratifying that GE has not only continued to provide funding, but also now selected Enterprise as one of its few key distributors through which to do so.”

IGroup has launched a range of redemption free mortgages with rates starting from 6.09% on discounts, and 6.79% on fixed rates.