GE Money cuts rates
The new rates on loans between £250,000 and £500,000 will start from 2.79% on its 2-year discount product and 3.79% on its 2-year fixed rate mortgage.
In addition to the rate reductions GE Money is also improving its time to offer by accepting scanned copies of all documents except the original application form, any legal documentation and accountants’ certificates.
It will also be enhancing its new build criteria to allow loans up to 80% LTV and valuing properties as new.
Gerry Bell, marketing director at GE Money Home Lending, said: “With rates starting from 2.79%, we can now offer some of the most competitive rates from a specialist lender.
“Added to improvements to our new build policy and reducing time to offer we think this is a compelling package for intermediaries and their customers”