GE makes rate changes

Amanda Jarvis

March 17, 2006

The changes are focused on its LTM 0 – GEM 2 plans. The key changes will see:

50 initial rates reduced
70 per cent of reversionary rates reduced
Revised completion fees of £750 on fixed rate products

In an increasingly competitive marketplace the refresh will provide a compelling proposition for brokers and their clients with:

Initial fixed rates available from 4.59 per cent
Initial discounted rates available from 4.69 per cent
Reversionary rates starting at 5.99 per cent

Duncan Berry, director, first mortgage sales, GE Money Home Lending said: “At GE we always aim to offer good value products with a focus on both initial and reversionary rates when our promotional offer ends. We believe that the price changes deliver what the marketplace is looking for with a comprehensive and highly-competitive light adverse product range.”

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