GE Money is introducing a new two-year fixed loan with rates from 4.29%, offering customers a lower rate in conjunction with a higher completion fee and a two-year discount loan with rates starting from 3.99%.
The rate reductions average 0.38% but go as high as 0.9%, for instance the rate on its 75% LTV GEM1 discount product is now 4.49% and every rate on the LTM2, GEM1, 2 and 3 products has been lowered.
GE Money has also simplified its underwriting process to make doing business easier and is offering a referral for individual assessment service where cases do not precisely fit its plans.
Commenting, Gerry Bell, marketing director, GE Money Home Lending, said: “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.”
The revised products are available from June 27th.
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