The move comes as part of rate cuts across its entire range.
The lender has also extended its completion fee free option beyond LVM0 and GEM1, to FTB0, LTM0 and LTM1 product plans saving customers up to £1,295. In addition self-employed applicants can now access a first time buyer plan.
The rate reductions take effect immediately and GEMHL has also taken the opportunity to revise and simplify reversionary rates.
GE Money Home Lending head of sales Nikki Warren said: “The significant reductions in rates, extended completion fee free options and opening of FTB0 to the self-employed have been welcomed by our brokers, and will help provide customers with valuable savings on mortgage fees and ongoing monthly payments.”
