View more on these topics

GEMHL enhances British Mortgage Abroad range

GE Money Home Lending has enhanced its British Mortgages Abroad product range to include the option to buy a second holiday home.

The product range also offers a 0.26% rate reduction in its reversionary rates following the expiry of any fixed rate, a rate reduction on its three-year fixed product to 6.79%, and introduces a two-year fixed product with a rate of 6.29%.

GEMHL’s terms for the purchase of a second home allow customers to buy the additional home using the same product range that customers use for their first purchase.

Key features include maximum LTV of 65% and loans available on purchase prices between £35,000 and £300,000.

Duncan Berry, director of mortgage sales at GE Money Home Lending, says: ”Since we launched BMA five years ago we have helped thousands of customers realise their dream and buy a holiday home in Florida.

“Some are now well established and want to purchase a further home there and this move will allow them to do this.

“And with a product range offering more comprehensive short-term product offering and price reductions on it popular three-year fixed rate, now is the time to look to GEMHL to help you fulfil your Florida dream.”

Recommended

SHIP comes of age as 21st member signs up

Stonehaven has been approved as the 21st member of equity release trade body Safe Home Income Plans. This follows Stonehaven’s pilot of its equity release range through six specialist broker firms and means Stonehaven’s deals, which are aimed at home owners aged over 55, meet SHIP’s code of ethics. The firm’s products also carry a […]

Hair-raising charity stunt

Kensington Mortgages’ marketing team is raising cash for charity by growing facial hair.Dubbing this month ‘Mo-vember’ the team have downed their razors and will each be sporting fetching moustaches by the time of the Kensington Christmas party on November 28.Taking inspiration from the likes of Ian Botham, Earl Hickey from TV show My Name is […]

Pink appoints Midlands BDM

Pink Home Loans is expanding its sales team by appointing a new business development manager to cover the Midlands and North-West regions, increasing the team from two to three. Trevor Tait returns to Pink to cover the North-West region after a two-year break during which time he worked for a well known secured loans company.

W3 Debt Solutions promotes IVA scheme

New figures released from W3 Debt Solutions show that banks and other lenders should recover an average of 48p in the pound of their unsecured bad debts under W3s Individual Voluntary Arrangements schemes.Reducing bad debts will be increasingly important for lenders as bank base rates climb from their current levels of 4.75% to a predicted […]

Newsletter

News and expert analysis straight to your inbox

Sign up