View more on these topics

GE Money launches mortgage deals and cuts rates by up to 0.9%

GE Money Home Lending is reducing rates by up to 0.9% across its mortgage range and introducing a number of new deals.

The lender is launching a two-year fixed deal with rates from 4.29% and a two-year discount product with rates starting from 3.99%.

Products that have had their rates reduced include the GEM1 discount deal at 75% LTV, which now comes with a rate of 4.49%.

GE Money says it has also simplified its underwriting process and is now offering a referral for individual assessment service, designed for cases that do not precisely fit its underwriting assessments.

Gerry Bell, marketing director at GE Money Home Lending, says: “We regularly review our product range to ensure that it is competitive and provides flexibility for intermediaries and customers as part of our focus on making it as simple as possible to do business with GE Money while maintaining our commitment to attracting quality applicants.”

Recommended

No change in CPI and RPI figures for May

The Consumer Prices Index was 4.5% in May, unchanged from April, the Office for National Statistics said. The Retail Prices Index, which includes mortgage interest payments, stayed at 5.2%.

cap.jpg

LAST WEEK’S WINNER

“Alan Cleary decided against a super-injunction and instead publicised the pay-off to James.” NAME AND ADDRESS SUPPLIED

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • John Crescens 26th June 2011 at 7:21 pm

    Great news but are GE actually going to be lending first and foremost.If so will the underwriters be able to override the points score decisions???

  • Rob Jupp - Brightstar Financial 24th June 2011 at 11:44 am

    Great to see GE leading the way again in the specialist market.