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.”